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18 April 2023
Written by Mulder Mkutumula (Scalable Coordinator, Government of Malawi), Evie Calcutt (Financial Sector Specialist, World Bank), Chipo Msowoya (Senior Social Protection Specialist, World Bank), Alejandra Campero Peredo (Risk Finance Consultant, World Bank) With an economy that relies heavily on rain-fed agriculture, Malawi is increasingly vulnerable to climate shocks . In recent history, Malawi has seen increases in the frequency and severity of droughts, which cause the poorest and most... Keep reading
21 March 2023
Discounts, whether a percentage off, a buy-one-get-one-free deal, or an online coupon code, are a great way for people to pay less for what they want, and stretch their budgets. Governments, too, want to make the most of their money, especially for unexpected events such as disasters which are costly and the full amount must be paid. The 21st century has seen an evolution in the way we manage disaster risk and how governments are paying the disaster bill. We know that disasters hinder... Keep reading
16 March 2023
In conversation with Fatimata Dicko, Senior Financial Sector Specialist Ninety percent of my cousins still live in the rural areas of Mali, working in livestock and agriculture," Fatimata (prefers Fatima) starts off, "Both these sectors are highly exposed to the effects of climate change. My motivation to work in disaster risk finance (DRF) is really to provide solutions to help people who are in a position like that of my own family. "Fatima recognizes the privilege and power she holds as the... Keep reading
14 February 2023
Pacific Developing Countries (PDCs) are among the countries most vulnerable to climate change and natural disasters, globally. A 2012 World Bank Group study revealed that of the 20 countries in the world with the highest average annual disaster losses, as scaled by gross domestic product (GDP), eight are Pacific Island Countries. As a majority of people in PDCs and a significant share of their infrastructure are concentrated within meters of the coastline, the power sector in these nations is... Keep reading
06 February 2023
Across Africa, adaptive social safety nets are on the rise . Building on traditional safety nets that provide cash assistance and other services to poor households on a regular basis, they respond to shocks – mostly via rapid cash payments to affected households. Adaptive safety nets have supported tens of millions of people across Africa during the COVID-19 pandemic . Increasingly, they also protect households against other types of shocks such as droughts and floods . Disaster risk financing... Keep reading
26 January 2023
Türkiye’s geographic location, population density and distribution, and socioeconomic factors make it highly vulnerable to the impacts of climate change and other environmental and natural hazards, as detailed in the World Bank’s Türkiye Country Climate and Development Report (CCDR). Concerns are also rising about climate change exacerbating water stress and food security issues. Regional ‘green’ initiatives, such as the European Union’s Green Deal, are increasing the pressure to act fast to... Keep reading
22 November 2022
The World Bank Group and the United Nations World Food Programme have an ongoing partnership to strengthen our financial resilience programs for the most vulnerable, including for climate and disaster risk finance and digital financial inclusion. Climate and disaster risk finance (CDRF) mechanisms entail putting into place pre-arranged sources of finance for disaster response for governments, households, and businesses, thus enabling timely responses in anticipation of, or soon after, a shock... Keep reading