News

Jamaica

Washington, DC, July 19, 2021 – The World Bank (International Bank for Reconstruction and Development, or IBRD) priced a catastrophe bond that will provide the Government of Jamaica with financial protection of up to US $185 million against losses from named storms for three

GRiF first session

The first webinar of the Global Risk Financing Facility (GRiF) Technical Talks took place virtually on May 27, 2021.

Indonesia project approved

WASHINGTON, January 21, 2021 – The World Bank’s Board of Executive Directors today approved a $500 million loan to strengthen Indonesia's financial and fiscal resilience.

Jamaica’s mission to secure catastrophe bond coverage as part of its disaster risk financing plan continues, with progress being made in terms of risk modelling while the World Bank has funded the country to help in paying cat bond premiums to investors.

UNDP, Germany, UK and IDF announce commitments to increase insurance protection

New programmes, commitments aim to accelerate implementation of risk management solutions to increase adaptation and resilience to climate risks to benefit 500 million individuals

The World Bank, alongside German and United Kingdom governments, have announced a new initiative to help vulnerable countries manage climate change and natural disaster related shocks, with the launch of the US $145 million Global Risk Financing Facility (GRiF).

Global Risk Financing Facility (GRiF) Launched
In partnership with the governments of Germany and the United Kingdom, the World Bank Group announced today a US$ 145 million Global Risk Financing Facility (GRiF) to help vulnerable countries manage to financial impact of climate change and natural hazard-induced shocks.

The World Bank Group, in partnership with the governments of Germany and the United Kingdom, announced today a US$145 million Global Risk Financing Facility (GRiF) to help vulnerable countries manage the financial impact of climate change and natural hazard-induced shocks.