DRFF in the News
Nov 20
2018
Launched in 2015, the Africa Disaster Risk Financing (ADRF) initiative works with 19 sub-Saharan African countries to develop and implement tailored financial protection policies and instruments which can help them respond quickly and resiliently to disasters. The ADRF Initiative is the first program in sub-Saharan Africa to focus on the broad disaster risk finance (DRF) agenda. It is financed by the European Union (EU) and part of the Africa, Caribbean and Pacific (ACP) – EU Program Building... Keep reading
Oct 23
2018
In partnership with the governments of Germany and the United Kingdom, the World Bank Group announced today a US$ 145 million Global Risk Financing Facility (GRiF) to help vulnerable countries manage to financial impact of climate change and natural hazard-induced shocks. GRiF will directly contribute to the goals of the InsuResilience Global Partnership , launched at COP23 in 2017, and will be a member of its Program Alliance. The GRiF is currently supported by the German Federal Ministry for... Keep reading
Oct 23
2018
On October 10, the government of Indonesia launched its Disaster Risk Financing and Insurance Strategy during the WBG and IMF Annual Meetings, in the presence of the country’s Vice President, the World Bank President, Indonesia’s Finance Minister as well as Minister of Public works and Housing, and participants from the Philippines and Japan. President Kim also provided remarks noting the World Bank Group’s continued support to global efforts to build resilience to natural disasters, such as... Keep reading