The World Bank Spring Meetings wrapped up last month with a renewed focus on building a green, resilient, and inclusive recovery from the COVID-19 pandemic. Addressing the challenges of climate, debt, and inequality is key to an impactful and lasting global recovery.
The Global Risk Financing Facility (GRiF) is supporting this effort by enabling earlier and more reliable response and recovery to climate and disaster shocks. Since its inception just over two years ago, the facility has expanded its focus in part by applying risk financing to risks beyond natural hazards. Thus, GRiF has been able to not only respond to the pandemic directly, but also to the many compound crises that have resulted from it.
With a hopeful eye toward the future, GRiF continues to strive for new opportunities to achieve an inclusive recovery.
|