DRFF in the News
The 12 th Global Dialogue Platform on Anticipatory Humanitarian Action, held from October 22 to 24, 2024, in Berlin and online, brought together experts to advance anticipatory action within disaster risk management systems. Centered on the theme, "Mainstreaming anticipatory action: collaboration in complex contexts," the event aimed to advance efforts to shift from reactive response to proactive, forecast-based action. On October 23, the Government Fireside Chat, a high-level sub-event...
BAKU, November 12, 2024—The World Bank Group has expanded its lifeline to countries struggling to rebuild from disasters, allowing small, vulnerable states to postpone loan and interest repayments after a catastrophic event—so governments can focus on recovery rather than paying off debt. In response to feedback from countries, the World Bank’s Climate Resilient Debt Clause (CRDC) now covers all natural disasters, including droughts, floods and health emergencies like pandemics. Previously, two...
In the beginning of October, ZEP-RE – the COMESA region reinsurer [1] - facilitated a discussion between East African Insurers Supervisors Association (EAISA) and the World Bank (WB) focusing on disaster risk financing and insurance (DRFI) initiatives in their respective markets. Supervisors from the countries: Burundi, Democratic Republic of Congo, Kenya, Malawi, Somalia, Tanzania, Uganda, Zambia, and Zimbabwe, had previously expressed interest in DRFI and its value in their countries through...