DRFF in the News
Jun 11
2024
Historic Fund will assist developing countries hit by adverse effects of climate change. WASHINGTON, June 10, 2024 —The World Bank’s Board of Executive Directors today approved the World Bank’s role as interim secretariat host and trustee of a fund for responding to loss and damage caused by climate change. In a historic decision at COP28, an agreement was reached by 198 countries to move forward with a fund to provide financial support to vulnerable countries hardest hit by climate impact... Keep reading
May 27
2024
On May 14 th , over 150 participants, from 69 different countries, joined the virtual webinar on "The Challenges and Opportunities for Climate Risk Takaful,” co-hosted by the Insurance Development Forum (IDF) and the World Bank's Disaster Risk Financing and Insurance Program (DRFIP) with support from the Global Shield Financing Facility (GSFF) . This webinar discussed the challenges and emerging opportunities from implementing inclusive takaful solutions for climate vulnerable populations,... Keep reading
May 20
2024
The "Confronting Challenges in Gender-Smart Climate and Disaster Risk Finance: Resources and Toolkits" webinar hosted by FARM-D, PARM, and the Centre of Excellence on Gender-smart Solutions explored progress made in gender-smart approaches to Climate and Disaster Risk Financing and Insurance (CDRFI) over the last five years, identified remaining challenges, and presented hands-on resources to guide practitioners in implementing gender-related CDRFI initiatives. The World Bank’s Global Shield... Keep reading