Global Shield Financing Facility

The Global Shield Financing Facility (GSFF) is a multi-donor trust fund hosted by the World Bank and financed by the Governments of Canada, Germany, Japan, Luxembourg, and the United Kingdom.

GSFF supports poor and vulnerable countries and people with increased access to financial protection against climate shocks, disasters, and crises through technical advisory services and integrated financial packages that address protection gaps.

GSFF finances climate and disaster risk finance and insurance (CDRFI) solutions for the most vulnerable countries and communities by strengthening partnerships with a range of stakeholders, including civil society organizations (CSOs), regional risk pools, humanitarian organizations, and the private sector. To support countries in designing and implementing their CDRFI strategies, GSFF leverages the World Bank’s analytical and advisory work, policy dialogue, and lending operations.

GSFF is one of three financing vehicles of the Global Shield against Climate Risks (Global Shield) and supports its objectives: to increase protection for vulnerable people and countries; enable faster, more reliable response to climate change impacts; close urgent protection gaps; and make financial protection more systematic, coherent, and sustained. Within an evolving CDRFI landscape, it is a flexible and collaborative vehicle that can provide financial resources to a wide range of partners.

GSFF evolved from an earlier entity, the Global Risk Financing Facility (GRiF), and was formally launched in November 2022. 

Four Pillars of GSFF
GSFF grants help governments, businesses, and households prepare for and respond to shocks through four pillars of action:

Pillar 1. Global engagements, to help achieve the objective of closing the protection gap globally by fostering global goods like data, analytics, and capacity building

Pillar 2. Partnerships with humanitarian agencies and civil society organizations, to help ensure that humanitarian response includes risk finance principles

Pillar 3. Design and development of integrated financial protection packages, to support countries in implementing CDRFI solutions, with priority for comprehensive programs that can scale both regionally and globally

Pillar 4. Private risk capital mobilization, to help close the financial protection gap by strengthening partnerships with industry and working to strengthen domestic markets and enabling access to products offered by risk pools.

--------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------

Learn more about the Global Shield Financing Facility here. 

Read our publication "Incorporating Gender in Disaster Risk Financing and Insurance (DRFI) Projects: A Practical Guide".

For more information, please contact:

Sumati Rajput srajput1@worldbank.org

Bianca Adam badam@worldbank.org