DRFF in the News
Sep 13
2021
The World Bank (International Bank for Reconstruction and Development, or IBRD) priced a catastrophe bond that will provide the Government of Jamaica with financial protection of up to US $185 million against losses from named storms for three Atlantic tropical cyclone seasons ending in December 2023. Dr. The Hon. Nigel Clarke, Minister of Finance and the Public Service, Government of Jamaica, said, "The Government of Jamaica has strategically prioritized Disaster Risk Financing to mitigate the... Keep reading
Aug 04
2021
On July 27, 2021, in partnership with the Switzerland's State Secretariat for Economic Affairs (SECO), the World Bank Group's (WBG) Disaster Risk Financing and Insurance Program (DRFIP) hosted the 3rd session of the Knowledge Exchange Series. The session focused on the management of disaster funds for response and recovery . The series is a continuation, in virtual formats, of traditional knowledge exchange events that take place every two years to empower countries under the program through... Keep reading
Aug 02
2021
The fifth webinar in the Strengthening Financial Resilience in Agriculture Knowledge Series took place virtually on July 21, 2021. The session focused on the steps required to operationalize and implement national level Agriculture Disaster Risk Finance (DRF) strategies and programs to build financial resilience to disasters within the agriculture sector. Lisa Yu (Risk Finance Consultant, Finance, Competitiveness, and Innovation, World Bank Group [WBG]) presented the key takeaways from the... Keep reading