DRFF in the News

A key milestone was reached on March 18-19th at the REPAIR Regional Workshop in Johannesburg, South Africa, to create a regional disaster risk platform between African countries with the support of the World Bank and African Risk Capacity Limited. Natural disasters as floods, droughts or tropical storms are causing substantial losses and damages to African countries, increasing poverty, food insecurity and fragility. REPAIR, a US$926 million regional Program adopted by the Board of Directors of...

On March 17, 2025, Italy’s Ministry of Economy and Finance and the World Bank Group (WBG) co-hosted the launch of the policy note “Mobilizing Public-Private Solutions to Manage the Financial Impacts of Natural Hazards in Emerging Market and Developing Economies,” in Rome. The event was a follow-up to the in-depth discussions on disaster risk finance (DRF) promoted by the Italian G7 Presidency over the course of 2024. Recognizing the importance to take this agenda forward and support emerging...

WASHINGTON, March 18, 2025—The World Bank’s Board of Directors today approved $102 million in financing for the Resilient and Accessible Microfinance (RAM) Project, which aims to enhance access to microcredit and support the resilience of the microfinance sector and its borrowers, particularly in the face of climate-related shocks. "Microfinance is a critical tool for supporting the livelihoods of vulnerable populations in Pakistan. This project will help strengthen the resilience of the...