Enabling Timely Action for Climate Shocks, Disasters, and Crises: The World Bank's Commitment to Develop Innovative DRF Solutions

The Global Shield against Climate Risks is an initiative launched by the G7 and the Vulnerable Twenty (V20) Group of Ministers of Finance; it aims to increase protection for vulnerable people and countries by providing and facilitating substantially more and better pre-arranged finance against disasters and climate risks. The Global Shield against Climate Risks is implemented through its financing vehicle, which includes three programs: The Global Shield Solutions Platform, hosted by the Frankfurt School: the CVF & V20 Joint Multi-donor Trust Fund and the Global Shield Financing Facility hosted by the World Bank.