DRFF in the News

Somalia is a highly vulnerable country to natural hazards and struggles severely with disaster response. This chronic vulnerability, exacerbated by frequent and intensifying droughts, floods, and other climate-related events, tripling since 1980, has devastating consequences for lives, livelihoods, and the economy. The Federal Government of Somalia (FGS) has recognized the urgency of strengthening its capacity to manage the financial and economic impact of climate shocks and disasters...

On November 21, 2024, the World Bank Group’s Global Shield Financing Facility (GSFF) and its donors hosted a session at COP29 in Baku, Azerbaijan, in collaboration with the World Food Programme (WFP). Organized by Luxembourg’s Ministry of the Environment, Climate, and Biodiversity and Germany’s Federal Ministry for Economic Cooperation and Development (BMZ), the event, held at the EIB-Luxembourg Pavillion, highlighted innovative financial tools to enhance resilience for vulnerable communities...

The second webinar in the Global Knowledge Exchange on Agriculture Risk Finance Webinar Series "Government-Supported Programs for Climate and Disaster Risk Financing for Agriculture" was held on 27 November 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 second webinar...