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The World Bank’s Crisis and Disaster Risk Finance Unit at Understanding Risk 2024 Global Forum

At the recent “Understanding Risk 2024 Global Forum”, held in Himeji, Japan, the World Bank’s Crisis and Disaster Risk Finance team, in collaboration with the Global Shield Financing Facility, showcased its contributions to the global disaster risk finance (DRF) agenda.

REPAIR Project Approval
REPAIR Project Approval (Photo: World Bank; Dimitry B / Unsplash)

6.2 Million Vulnerable People in Comoros, Madagascar, and Mozambique to Benefit from Financial Readiness Against Climate Shocks

WASHINGTON, July 30, 2024 — Over six million people in Comoros, Madagascar, and Mozambique are set to benefit from a new World Bank regional program that will enhance Eastern and Southern African countries' financial preparedness to respond to climate shocks.

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Islamic Finance Training under the Horn of Africa DRIVE project in Kenya and Ethiopia

The training group in Kenya

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[Event Recap] Launch of Government of Sierra Leone Disaster Risk Financing Strategy and Implementation Plan and DRF Capacity Building Workshop

On March 21, 2024, the Government of Sierra Leone launched its National Disaster Risk Financing Strategy and Implementation Plan for 2024-2029 at the Atlantic Hotel in Freetown, in collaboration wi

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World Bank Returns to the Cat Bond Market Providing Financial Protection to Jamaica

Washington D.C., April 25, 2024 - The World Bank (International Bank for Reconstruction and Development, or IBRD, AAA/Aaa), priced a catastrophe (cat) bond that finances US$150 million of insurance coverage for the Government of Jamaica against named storm events.

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[Event recap] Confronting Challenges in Gender-Smart Climate and Disaster Risk Finance: Resources and Toolkits

The "Confronting Challenges in Gender-Smart Climate and Disaster Risk Finance: Resources and Toolkits" webinar hosted by FARM-D, PARM, and the Centre of Excellence on Gender-smart Solutions explored progress made in gender-smart approaches to Climate and Disaster Risk Financing and Insurance

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[Event Recap] Webinar: The Challenges and Opportunities for Climate Risk Takaful

On May 14th, over 120 people, from 69 different countries, joined the virtual webinar on "The Challenges and Opportunities for Climate Risk Takaful,” co-hosted by the Insurance Development Forum (IDF) and the World Bank's Disaster Risk Financing and Insurance Program (DRFIP) with suppo

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Virtual Webinar: An introduction to Takaful and lessons from the experience of the DRIVE project

On February 29, "An introduction to Takaful and lessons from the experience of the DRIVE project" virtual webinar welcomed 22 participants to learn about Islamic Insurance.

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[Recap] Executive Education Program on Disaster Risk Finance for Indonesia: Milestone Achievement in Strengthening Indonesia's Resilience

Indonesia frequently faces natural disasters such as earthquakes, tsunamis, and volcanic eruptions, to the extent that it is often referred to as the “supermarket of disasters”.

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[Fragility Forum 24 Event Recap] Crisis Risk Financing: Preparing to Respond to the Shocks of Tomorrow

The financial losses caused by climate crises and disasters are on the rise, creating significant fiscal risk and budget volatility.