DRFF in the News
STORY HIGHLIGHTS In December 2024, Cyclone Chido hit Comoros and destroyed homes and crops on the islands of Anjouan and Mohéli, leaving many without food and shelter and endangering livelihoods. As a member of the Regional Emergency Preparedness and Access to Inclusive Recovery Program (REPAIR), a $926 million regional climate risk fund established by the World Bank in partnership with African Risk Capacity Limited, Comoros received prompt financial support and was able to distribute emergency...
In fiscal year 2024, the Global Shield Financing Facility (GSFF) continued its efforts to support the global community in closing critical protection gaps, enhancing crisis preparedness, and strengthening partnerships for climate and disaster resilience. Throughout the year, GSFF supported implementation of programs in 18 countries, increasing access to finance for climate and disaster shocks, and offering protection to 51.2 million people, including over 25 million women. Financial protection...
The third webinar in the Global Knowledge Exchange on Agriculture Risk Finance Webinar Series "Market-Based Instruments for Climate and Disaster Risk Financing for Agriculture" was held on December 12, 2024. The series was launched on October 30, 2024, by the World Bank Group’s Disaster Risk Financing and Insurance Program in partnership with the ASEAN+3 Disaster Risk Finance Initiative, ASEAN Secretariat and Southeast Asia Disaster Risk Insurance Facility (SEADRIF). The third webinar discussed...