DRFF in the News
Mar 14
2024
Indonesia frequently faces natural disasters such as earthquakes, tsunamis, and volcanic eruptions, to the extent that it is often referred to as the “supermarket of disasters”. This necessitates robust disaster risk finance (DRF) strategies to mitigate the financial impacts of these events and enhance resilience. The “ Executive Education Program on Disaster Risk Finance for Indonesia ”, held from March 4 to 7, 2024, at the historic Institut Teknologi Bandung (ITB), Indonesia, marked a key... Keep reading
Mar 13
2024
The financial losses caused by climate crises and disasters are on the rise, creating significant fiscal risk and budget volatility. The World Bank Group (WBG)’s Crisis and Disaster Risk Finance (CDRF) in collaboration with Fragility, Conflict & Violence (FCV) conducted the session “Crisis Risk Financing: Preparing to Respond to the Shocks of Tomorrow,” on February 29, 2024, as a part of Fragility Forum 2024 . Attended by 80+ participants (in-person and online), the session focused on the... Keep reading
Feb 27
2024
A two-day Disaster Risk Finance (DRF) training in the Philippines was conducted on 20-Feb and 22-Feb, 2024. The training was aimed at officials from the Department of Budget and Management (DBM) in the Government of Philippines. The training, which was attended by 14 participants, was held in support the government of Philippines who is in the process of developing their first Disaster Risk-Based Budgeting framework with support from the World Bank Group. This framework aims to institutionalize... Keep reading