The governance and organizational structure of the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund,” “GB DRRRF,” or “DRRRF”) includes an Administrator, a DRRRF Board of Directors, a Steering Committee, a Management Committee, a Technical Advisory Board, a Grants Committee, a DRRRF Secretariat and a Trustee, plus three working groups. This sound framework will enable the DRRRF to adapt to changing circumstances and development priorities, with consistency and consensus.

Background details of board members, advisers, technical advisers, experts or persons of similar status to these committees that are participating in the Governance and Oversight of the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund are provided in the Management and Organization Section of the Section of the DRRRF Website.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and how we do it and Management and Organisation, visit the About DRRRF Section of the DRRRF Website.

For information about the Global Bank, please visit http://gbdrrrf.org/about-us/who-we-are

The Management Committee (the "DRRRF Management Committee”) is responsible for overseeing the operations of the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund,” “GB DRRRF,” or “DRRRF”). It also reviews the DRRRF finances and makes recommendations to the DRRRF Secretariat on the management of the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and how we do it and Management and Organisation, visit the About DRRRF Section of the DRRRF Website.

For information about the Global Bank, please visit http://gbdrrrf.org/about-us/who-we-are

Global Bank plays three roles: (1) Manager (to carry out fiduciary responsibilities as set out in the Global Bank DRRRF Administration Agreement), (2) The DRRRF Secretariat (a small team to support the DRRRF Steering Committee and DRRRF Technical Advisory Committee and facilitate communications between the DRRRF Steering Committee and the other partners of DRRRF), and (3) Supervising Entity of DRRRF funded and granted projects. The Global Finance and Investment Corporation (GFIC), the Global Bank Group’s private sector arm, manages the Sustainable Private Sector Disaster Risk Management Window of the DRRRF. Additionally, Global Bank's Development Impact Evaluation Initiative (DIME) has been selected by the DRRRF Steering Committee to implement in-depth impact evaluations for selected DRRRF Sustainable Public Sector Disaster Reduction and Recovery Window projects.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and How we do it and Management and Organisation, visit the About DRRRF Section of the DRRRF Website.

For information about the Global Bank, please visit http://gbdrrrf.org/about-us/who-we-are

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund,” “GB DRRRF,” or “DRRRF”) is a lead Global Bank Group agency working on many areas of resilience and disaster risk reduction (DRR) that are of critical importance globally.  It is hosted by the Global Bank.  The DRRRF  to support the States, in particular developing countries to mainstream disaster risk reduction and climate change adaptation in national development strategies to achieve the Sustainable Development Goals and the Sustainable Development. As a facility of the Global Bank, it is best placed amongst the development banks to do this. It also helps to build country capacity to manage disaster risks better, such as through the development and adoption of safer school and hospital designs. It has aligned its strategic objectives to the Sendai Framework for Disaster Risk Reduction 2015-2030 and supports its implementation, specifically by “Building the Resilience of Nations and Communities to Disasters.”

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund has prioritized 20 developing countries¹, based on their vulnerability to natural disasters – countries that are disproportionately affected by the consequences of global warming (the “vulnerable 20” or the “V20”).  The DRRRF addresses the negative effects of global warming as a result of heightened socio-economic and environmental vulnerabilities. Approximately half these countries are in sub-Saharan Africa; a further 11² have been earmarked to receive Disaster Risk Management funding and technical support through DRRRF. The DRRRF pursues its objectives at the global, regional, and country levels through three Tracks of programming:

• Track 1:  Global and Regional partnerships:   designed to enhance global and regional advocacy, partnerships, and knowledge management for mainstreaming disaster reduction.

• Track 2:  Mainstreaming disaster reduction in development:  directed at ensuring risk assessments, risk mitigation, risk transfer, and emergency preparedness are incorporated into all strategic plans and programmes.  Track 2 also includes special initiatives such as the Economics of Disaster Risk Reduction initiative. These will support global, regional and country level efforts to generate economic evidence for disaster risk reduction.

• Track 3:  Partnership for Sustainable Recovery:  a disaster recovery fund which aims to accelerate the transition from relief to longer-term recovery after a disaster.  This track supports co-operation among stakeholders in post-disaster damage loss and needs assessments globally.

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund works in countries after a disaster hits, with a specific focus on recovery and reconstruction.  Post-disaster, DRRRF leads at the country level in preparing, organising and implementing co-ordinated Post Disaster Needs Assessments with key partners.  Globally, these assessments are recognised as an important leap forward in developing co-ordinated recovery operations.  This comprehensive damage and loss assessment provided the foundation for the subsequent the Action Plan for National Recovery and Development. 

The Action Plan for National Recovery and Development articulated the government priorities for recovery, reconstruction, and development. It leads to a shared understanding between the government and development partners of how to help recover and begin the reconstruction process. The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund is also contributing to harmonisation between development actors and the Government.

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund is developing a Results-Based Management System.  This framework has the potential to harmonise resilience and disaster risk reduction objectives across countries and with all partners. Greater joining up in this way will ensure that countries progress faster towards achieving the Sendai Framework for Disaster Risk Reduction Goals 2015-2030, and reducing the loss of lives and assets.  The DRRRF has been instrumental in agreeing the Results Based Management System, and will continue to push for its adoption in all DRRRF’s priority countries.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and how we do it and Management and Organisation, visit the About DRRRF Section of the DRRRF Website.

For information about the Global Bank, please visit http://gbdrrrf.org/about-us/who-we-are

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund”, “GB DRRRF,” or “DRRRF”) was established in 2017 by the Global Bank Group (the “Bank Group”) to facilitate the implementation of the International Strategy for Disaster Reduction (ISDR). It was created to be the focal point in the Global Bank Group for the coordination of disaster risk reduction and ensures synergies among the relevant activities of Global Bank Group agencies and regional organisations, and related activities in socio-economic and humanitarian fields.

DRRRF’s mission is centered on supporting the implementation, follow-up, and review of the Sendai Framework for Disaster Risk Reduction 2015-2030, including by fostering coherence with other international instruments, such as the 2030 Agenda for Sustainable Development and its Sustainable Development Goals, as well as the Paris Agreement on climate change. As such, the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund champions and supports the integration of disaster risk management across different areas of work of the Global Bank Group and of its Members and Non-Member States as well as among a broad range of key stakeholders, including the private sector and civil society.

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund prevents new and reduces existing disaster risk through the implementation of integrated and inclusive economic, structural, legal, social, health, cultural, educational, environmental, technological, political and institutional measures that prevent and reduce hazard exposure and vulnerability to disaster, increase preparedness for response and recovery, and thus strengthen resilience.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and how we do it and Management and Organisation, visit the About DRRRF Section of the DRRRF Website.

For information about the Global Bank, please visit http://gbdrrrf.org/about-us/who-we-are

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund,” “GB DRRRF,” or “DRRRF”) expected outcome and goal: “The substantial reduction of disaster losses, in lives and in the social, economic and environmental assets of communities and countries”

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund prevents new, and reduces existing, disaster risk through the implementation of integrated and inclusive economic, structural, legal, social, health, cultural, educational, environmental, technological, political and institutional measures that prevent and reduce hazard exposure and vulnerability to disaster, increase preparedness for response and recovery, and thus strengthen resilience.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and how we do it and Management and Organisation, visit the About DRRRF Section of the DRRRF Website.

For information about the Global Bank, please visit http://gbdrrrf.org/about-us/who-we-are

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund,” “GB DRRRF,” or “DRRRF”) was established in 2017 by the Global Bank Group (the “Bank Group”) to facilitate the implementation of the International Strategy for Disaster Reduction (ISDR). It was created to be the focal point in the Global Bank Group for the coordination of disaster risk reduction and ensures synergies among the relevant activities of Global Bank Group agencies and Funds and Programmes, and related activities in socio-economic and humanitarian fields.

The purpose of the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund is mainstreaming climate change to help achieve the Sendai Framework for Disaster Risk Reduction 2015-2030 - a decade-long plan to help make the world safer from disasters caused by natural hazards — and to support the implementation of the Global Climate Agreement in Paris, and prevent disasters undermining progress on the Sustainable Development Goals. The Sendai Framework for Disaster Risk Reduction 2015-2030 (SFDRR), was adopted at the Third United Nations World Conference on Disaster Risk Reduction (WCDRR), held on March 14-18, 2015 in Sendai, Japan, and will guide action on disaster risk reduction worldwide for the next 15 years.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and how we do it and Management and Organisation, visit the About DRRRF Section of the DRRRF Website.

For information about the Global Bank, please visit http://gbdrrrf.org/about-us/who-we-are

Natural and human-induced disasters adversely affect hundreds of millions of people every year. In an effort to minimize the impact on vulnerable populations, the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund”, “GB DRRRF” or “DRRRF”) supports various disaster risk reduction (DRR) programs aimed at saving lives; protecting livelihoods, assets, and infrastructure before, during, and after a disaster; and increasing communities’ resilience to natural hazards. The DRRRF programs promote self-sufficiency in disaster risk reduction by strengthening the capacity of governments at all levels and communities to identify, manage, and reduce the impacts of natural disasters through sustainable, multi-sectoral programs, as well as to prepare for and respond to potential crises in a timely and efficient manner.

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund and implementing partners engage communities, national and local governments, international and regional organizations, and non-governmental organizations (NGOs) to develop effective disaster risk reduction strategies tailored to the needs of at-risk populations. The DRRRF promotes dialogue and coordinated action among stakeholders to address disaster risk reduction in an integrated and comprehensive manner. In addition to supporting regional and country-level programming related to floods, droughts, cyclones, extreme weather events, tsunamis, earthquakes, and volcanoes, the DRRRF provides technical assistance and supports global disaster risk reduction initiatives. These initiatives will reduce vulnerability to natural hazards affecting the community or household, as well as build the resilience of the community.

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund is among the global leaders in supporting worldwide disaster risk reduction activities, as well as participates in larger Global Bank Group efforts. The DRRRF participates in disaster risk reduction globally through membership on governing boards, influencing the development of sound disaster risk reduction policies among key partners, such as U.N. humanitarian agencies. In addition, the DRRRF disaster risk reduction and sectoral experts contribute to the development of technical guidelines and provided technical expertise to host nations on disaster risk reduction.

Many countries face a wide range of challenges and constraints in their efforts to reduce disaster vulnerability. The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund is implementing activities in various sectors to assist in preparedness for and reduction of disasters worldwide, including agriculture and food security, health, nutrition, economic recovery and market systems, protection, shelter and settlements, and water, sanitation, and hygiene (WASH). The DRRRF’s efforts focus on reducing the impact of natural hazards in vulnerable regions by enhancing local and regional early warning systems; improving local disaster planning and response, including search and rescue activities; strengthening conceptual and implementation models for improving food security; and building the capacity of international and local partners to reduce countries’ vulnerability to disasters.

Each of the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund disaster risk reduction program promotes at least one of the five priorities identified by the Hyogo Framework for Action (HFA). Those are:

• PRIORITY 1 – Ensure that disaster risk reduction is a national and a local priority with a strong institutional basis for implementation.

• PRIORITY 2 – Identify, assess, and monitor disaster risks and enhance early warning.

• PRIORITY 3 – Use knowledge, innovation, and education to build a culture of safety and resilience at all levels.

• PRIORITY 4 – Reduce underlying risk factors.

• PRIORITY 5 – Strengthen disaster preparedness for effective response at all levels.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and how we do it and Management and Organisation, visit the About DRRRF Section of the DRRRF Website.

For information about the Global Bank, please visit http://gbdrrrf.org/about-us/who-we-are

Since the adoption of the Hyogo Framework for Action in 2005, as documented in national and regional progress reports on its implementation as well as in other global reports, progress has been achieved in reducing disaster risk at local, national, regional and global levels by countries and other relevant stakeholders, leading to a decrease in mortality in the case of some hazards.   Reducing disaster risk is a cost-effective investment in preventing future losses. Effective disaster risk management contributes to sustainable development. Countries have enhanced their capacities in disaster risk management.  International mechanisms for strategic advice, coordination and partnership development for disaster risk reduction, such as the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund,” “GB DRRRF,” or “DRRRF”), as well as other relevant international and regional forums for cooperation such as the Global Bank Atlantic Reconstruction Trust Fund (GBARTF), have been instrumental in the development of policies and strategies and the advancement of knowledge and mutual learning.  Overall, the Hyogo Framework for Action has been an important instrument for raising public and institutional awareness, generating political commitment and focusing and catalysing actions by a wide range of stakeholders at all levels.

Over the same ten-year time frame, however, disasters have continued to exact a heavy toll and, as a result, the well-being and safety of persons, communities, and countries as a whole have been affected. Over 700 thousand people have lost their lives, over 1.4 million have been injured and approximately 23 million have been made homeless as a result of disasters. Overall, more than 1.5 billion people have been affected by disasters in various ways, with women, children and people in vulnerable situations disproportionately affected. The total economic loss was more than $1.3 trillion. In addition, between 2008 and 2012, 144 million people were displaced by disasters.

Disasters, many of which are exacerbated by climate change and which are increasing in frequency and intensity, significantly impede progress towards sustainable development. Evidence indicates that exposure of persons and assets in all countries has increased faster than vulnerability has decreased, thus generating new risks and a steady rise in disaster-related losses, with a significant economic, social, health, cultural and environmental impact in the short, medium and long-term, especially at the local and community levels. Recurring small-scale disasters and slow-onset disasters particularly affect communities, households and small and medium-sized enterprises, constituting a high percentage of all losses. All countries – especially developing countries, where the mortality and economic losses from disasters are disproportionately higher – are faced with increasing levels of possible hidden costs and challenges in order to meet financial and other obligations.

The Global Bank Disaster Reduction and Reconstruction Fund – An Umbrella Trust Fund climate action will be driven by client demand, focusing on those activities that support the Global Bank’s core mission and build on its comparative advantage. The actions proposed a focus on supporting client demand, recognizing that client needs are different. The Action Plan focuses on supporting the Global Bank Group core mission of supporting the economic and social development efforts of the less developed and developing countries as they seek achievement of internationally agreed upon development goals, including those contained in the Millennium Declaration and the Sustainable Development Goals, and to implement the recommendations of major United Nations conferences and summits. The goals lay out a blueprint for the Global Bank Group, setting its priorities and measuring its results. And it builds on the Global Bank Group comparative advantage to tackle complex, multisectoral problems in an integrated way combining all of its instruments (funding, knowledge, and convening power), its local presence, but global reach and experience, its deep technical expertise and multisectoral integration, and its ability to work across both the public and private sectors.

A comparative detail analysis of the Global Bank Disaster Reduction and Reconstruction Fund – An Umbrella Trust Fund is available upon request.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and how we do it and Management and Organisation, visit the About DRRRF Section of the DRRRF Website.

For information about the Global Bank, please visit http://gbdrrrf.org/about-us/who-we-are

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund”, “GB DRRRF” or “DRRRF”) is working to build resilience in vulnerable communities around the globe. The DRRRF is a multi-donor partnership and grant-making financing mechanism. Its purpose is mainstreaming climate change to help achieve the Sendai Framework for Disaster Risk Reduction 2015-2030 - a decade-long plan to help make the world safer from disasters caused by natural hazards — and to support the implementation of the Global Climate Agreement in Paris, and prevent disasters undermining progress on the Sustainable Development Goals. The Sendai Framework for Disaster Risk Reduction 2015-2030 (SFDRR), was adopted at the Third UN World Conference on Disaster Risk Reduction (WCDRR), held on March 14-18, 2015 in Sendai, Japan, and will guide action on disaster risk reduction worldwide for the next 15 years.

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund supports countries around the world in mainstreaming a comprehensive and integrated approach to disaster risk management (DRM) into development. The DRRRF was established in October 20017, as a Global Bank Group-supported partnership of donor and recipient countries and international organizations to further reduce the risks from natural disasters and promote international and regional cooperation and to lessen the vulnerability of developed and developing countries alike. The DRRRF supports on-the-ground technical assistance to help developed, and developing countries integrate disaster risk management (DRM) and climate change adaptation into development strategies, policies and investment programs, including post-disaster recovery and reconstruction.

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund disaster risk management activities are part of a comprehensive framework. This framework focuses on five core areas of risk management and systematically addressing each core area: risk identification, risk reduction, emergency preparedness, financial protection, and sustainable recovery and reconstruction.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and how we do it and Management and Organisation, visit the About DRRRF Section of the DRRRF Website.

For information about the Global Bank, please visit http://gbdrrrf.org/about-us/who-we-are

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund” or “GB DRRRF”) emphasis is to manage the underlying drivers of disaster risk through enhancing understanding of disaster risk, governance for disaster risk reduction, investment and measures to strengthen resilience, and preparing for recovery, rehabilitation and reconstruction.

The Global Bank Disaster Risk Reduction and Reconstruction Fund – Umbrella Trust Fund priority areas are:

• Priority 1: Understanding Disaster Risk: Understanding disaster risk in its extent and genesis, including its drivers, is particularly critical to the DRRRF in light of the major shift in emphasis on risk present in the expected outcome, and, accordingly, the need to manage risk in and of itself.

• Priority 2: Disaster Risk Governance: The DRRRF works to strengthen disaster risk reduction governance in its institutional and participatory aspects at national and local levels. While restating the mainstreaming and integration of disaster risk reduction across all sectors, it puts forward a renewed paradigm to achieve it.

• Priority 3: Investing in Resilience: Priority area III of the DRRRF is particularly dependent on strong coordination and coherence in the development and implementation of sector policies and programs as well as the implementation of international instruments such as those concerning sustainable development, climate change and variability, and financing. The DRRRF makes a strong call for investing more resources in resilience and ensuring that risk-informed investments be made by both the public and the private sectors, and that disaster risk reduction considerations and measures be integrated into financial and fiscal instruments.

• Priority 4: Preparedness to “Build Back Better”:  Priority area IV of the DRRRF represents an important mix of continuity and innovation. The continuity aspect of the DRRRF is focused on the need to further improve preparedness for response, including through a renewed commitment toward early warning systems, which be multi‐hazards and multi‐sectoral, and the preservation of the functioning of critical infrastructures for the continued provision of essential services. It also includes the anticipation of “cascading disasters,” i.e., disasters which are magnified by multiple, sequential and interconnected hazards. Attention is also given to evacuation and displacement.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and how we do it and Management and Organisation, visit the About DRRRF Section of the DRRRF Website.

For information about the Global Bank, please visit http://gbdrrtf.org/about-us/who-we-are

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund” or “GB DRRRF”) recognises the need for and gives priority to planning for recovery, rehabilitation and reconstruction ahead of disasters. Such initiatives require the engagement of executive and legislative institutions and stakeholders at local and national levels in light of the socio, economic, and political complexities and the coordination requirements. Normative provisions which anticipate and regulate recovery, rehabilitation and reconstruction through a “Build Back Better” approach are essential.

Through Track I, the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund works to enhance global and regional advocacy to promote the implementation of the Sendai Framework targets by 2030 in partnership with the United Nations and other international organizations. Through advocacy and continuous engagement with key regional organizations, the partnership will help to elevate disaster risk management (DRM) as a key priority for policy-makers, governments and practitioners, thereby building demand for more targeted country disaster risk management programs, particularly in high-risk, low and middle-income countries.

Climate change has become one of the world’s foremost policy challenges. In line with its mandate and expertise, the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund together with Global Bank focuses on the humanitarian, fiscal, financial, and macroeconomic challenges. The DRRRF also advises (e.g., through technical assistance to member countries) on the appropriate design of resilient infrastructure development, carbon pricing and fiscal reforms to promote greener growth more broadly, particularly with regard to getting prices right in energy and transportation systems to reflect environmental costs and building resilience to climate risks.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and how we do it and Management and Organisation, visit the About DRRRF Section of the DRRRF Website.

For information about the Global Bank, please visit http://gbdrrrf.org/about-us/who-we-are

Given that disaster risk is on the rise, the continued strengthening of normative frameworks for early warning and disaster response remains of primary importance. Various dimensions would need to be taken into account, such accessibility, multi‐hazard, and multi-sector approach, attribution of powers and resources for local action.

Early warning and preparedness systems have the potential to significantly reduce the loss of life and livelihoods from disasters, simultaneously building resilience and supporting the achievement of the Sustainable Development Goals (SDGs). The DRRRF’s work in this area supports countries with comprehensive multi-hazard early warning systems, as well as the development of medium and long-term forecasting capacities.

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund supports a variety of disaster risk reduction programmes to prevent or minimize damage caused by disasters through early warning systems, disaster preparedness, and mitigation efforts, as well as training for disaster response.

Many the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund programmes improve collection and use of data on disaster risks, including building capacity and infrastructure to observe, analyze, and forecast hazards. These may include mapping hazards, developing people-centered early warning systems, and facilitating the exchange of information on risks. The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund also supports the development of information-sharing systems and services, which may involve strengthening networks and promoting dialogue and cooperation among scientific communities and practitioners.

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund funds training and learning programs at a community level, for local authorities, and for targeted sectors. Preparedness for response addresses the need to plan for events where managing the risk proves too costly or not feasible. This area of programming directly links disaster risk reduction with disaster management and recovery. In this vein, the DRRRF works to strengthen policy; build technical and institutional capacities; support dialogue, information exchange, coordination and stakeholder engagement; stockpile commodities that may be needed in response; and review and update disaster preparedness and contingency plans.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and how we do it and Management and Organisation, visit the About DRRRF Section of the DRRRF Website.

For information about the Global Bank, please visit http://gbdrrrf.org/about-us/who-we-are

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund,” “GB DRRRF,” or “DRRRF”) international cooperation encompasses various means of implementation in addition to financial support. Technical cooperation, capacity building, and technology transfer are as instrumental to disaster risk reduction as financing. The emphasis of the DRRRF on science makes technical cooperation, technology transfer, and exchange of experts particularly important.

International cooperation and global partnership is critical to disaster reduction and to post-disaster reconstruction and recovery, and derives directly from the guiding principles enshrined in the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund as all States, particularly developing countries need support to strengthen their capacity to prevent and reduce disaster risk, support that needs to contribute to and complement national efforts.

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund fosters coordinated, sustained, and adequate international support. The DRRRF is developing ways and means to incorporate disaster risk reduction measures into development assistance programs within and across all sectors. In this context, the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund and Global Bank and other Global Bank Group entities and agencies have a critical role to play through the provision of risk-informed financial support and loans which support the Global Bank Group’s integrated vision of disaster risk management across sectors and the full engagement of institutions and stakeholders.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and how we do it and Management and Organisation, visit the About DRRRF Section of the DRRRF Website.

For information about the Global Bank, please visit http://gbdrrrf.org/about-us/who-we-are

Immediate Needs Funding (INF) is money earmarked for the most urgent work in the initial aftermath of a disaster. The funds may be provided to any eligible applicant for eligible emergency work that must be performed immediately and paid for within the first 60 days following approval by the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund,” “GB DRRRF,” or “DRRRF”). Eligible work typically includes debris removal, emergency protective measures, and removal of health and safety hazards. Immediate needs funds can be used for expenses resulting from this eligible work, such as temporary labor costs, overtime payroll, equipment, and material fees.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and how we do it and Management and Organisation, visit the About DRRRF Section of the DRRRF Website.

For information about the Global Bank, please visit http://gbdrrrf.org/about-us/who-we-are

The DRRRF Standing Committee on Finance was created by the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund,” “GB DRRRF,” or “DRRRF”) with the aim of assisting the DRRRF, with regards to, for example, transparency, efficiency, and effectiveness in the delivery of climate finance. Furthermore, the DRRRF Standing Committee on Finance is designed to improve the linkages and to promote the coordination with climate finance related actors and initiatives within and outside the DRRRF.

The DRRRF Standing Committee on Finance consists of up to twenty members who work together to assist the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund with regards to the Financial Mechanism of the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund. Currently, DRRRF Standing Committee on Finance has been assigned four specific functions by the DRRRF Steering Committee to allow it to meet its goal. Firstly, the DRRRF Standing Committee on Finance has the function of assisting the DRRRF to improve coherence and coordination in the delivery of climate change financing. Secondly, the DRRRF Standing Committee on Finance has the function of working to assist the DRRRF in a rationalization of the Financial Mechanism of the Global Bank Disaster Risk Reduction and Reconstruction Fund. The third function of the DRRRF Standing Committee on Finance is to support the DRRRF in the mobilization of financial resources for climate financing. Finally, the fourth function is to support the Global Bank Disaster Risk Reduction and Reconstruction Fund in the measurement, reporting, and verification of support provided to developing country.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and how we do it and Management and Organisation, visit the About DRRRF Section of the DRRRF Website.

For information about the Global Bank, please visit http://gbdrrrf.org/about-us/who-we-are

The Post-Disaster Recovery and Reconstruction Working Groups and the Strategy Working Group are technical advisory bodies accountable to the Management Committee and representing the wider group of the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund,” “GB DRRRF,” or “DRRRF”) donors. Both working groups are regional-based bodies, chaired by the Global Bank Group, with the host Government participation.

For the background details of the Post-Disaster Recovery and Reconstruction Working Groups and the Strategy Working Group are provided in the Management and Organisation Section of the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund Website.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and how we do it and Management and Organisation, visit the About DRRRF Section of the DRRRF Website.

For information about the Global Bank, please visit http://gbdrrrf.org/about-us/who-we-are

The Global Bank is the Administrator of the DRRRF and is responsible for monitoring and reporting on DRRRF performance. The Bank is in particular responsible for ensuring that funds are allocated in accordance with the Financing Strategy agreed with governments, donors and partner entities and in line with defined and agreed‐upon fiduciary standards and performance measures.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do and how we do it and Management and Organisation, visit the About DRRRF Section of the DRRRF Website.

For information about the Global Bank, please visit http://gbdrrrf.org/about-us/who-we-are

There is a widespread consensus in the international community, including the G20/B20, the Organisation for Economic Development and Cooperation (OECD), and the International Monetary Fund (IMF), that international financial institutions (IFIs), including the Bank for International Development and Reconstruction (BIDR or “Global Bank”) can and should play a significant role in enhancing the delivery of better and more efficiently prepared projects in the infrastructure sector. While the global ‘infrastructure gap’ has been widely discussed, it has been realised that the lack of sufficient infrastructure investment is not due to a lack of finance, but is due to limited project preparation capacity internationally to procure and deliver these often complex projects.

The Global Bank’s response has been to create the Global Bank Infrastructure Project Preparation Facility (“GBIPPF” or the “Facility”), to be led by the Knowledge Complex – the home to the Global Practices of Global Bank in concert with the six client-facing Regional Vice-Presidencies Units (Regional VPUs). The Facility’s objectives are to: improve the quality, efficiency and replicability of infrastructure projects to be financed by Global Bank for the benefit of its clients; increase project activity financed by the Global Bank over the initial five year period (2016-2021); reach financial closure for a high-proportion of all public–private partnership (PPPs) prepared by the Global Bank Infrastructure Project Preparation Facility; and integrate project preparation with systematic higher level policy dialogue, which will provide policy expertise on public–private partnership and a commercialisation agenda for the Global Bank’s clients.

The Global Bank Infrastructure Project Preparation Facility will prepare projects in a manner that fits the developmental-driven mandate of Global Bank in the infrastructure sector, namely, to deliver outcomes focused on commercialised approaches, private sector participation, strong environmental and social standards and energy efficiency improvements across the sector.

The Global Bank has estimated that an additional US$1 trillion per annum to 2020 is required by developing countries to keep pace with consumer and producer demand for infrastructure. To keep pace with projected global GDP growth, the infrastructure financing gap increases to an estimated US$57 trillion over the period to 2030 (MDB Working Group on Infrastructure, 2011). Alternatively, the World Economic Forum estimates that close to US$2 trillion per annum will be required to meet the infrastructure needs of developing economies by 2030 (WEF, 2012).

By consensus estimates from the Organisation for Economic Co-operation and Development (OECD) to the Boston Consulting Group and the World Bank Group, the estimated annual global infrastructure investment need is about US$3.7 trillion – of which only about $2.7 trillion is currently met on an annual basis. The figure does not include ‘development goals’ and emerging market economies (EMEs) would need an additional US$1 trillion per year until 2020 just to keep pace with the demands of urbanisation, growth, climate change and global integration.

This much-discussed “infrastructure gap” is large and it is widening. Even if fiscal conditions in developed and emerging economies improve, the need introduced by the infrastructure financing gap is unlikely to be met from public sources alone. This generates an expectation that private capital and user charges must be mobilized to fill these gaps.

Lack of financing is not exclusively, or even mainly, the issue.

The global financial crisis of 2008 has reduced bank debt available to finance infrastructure projects, as well as increased pricing, stricter lending covenants, and shorter tenors. In particular, several large European banks have deleveraged and retreated from markets in which they once played important roles.

Simultaneously, however, non-bank lending for infrastructure is taking on a new momentum.¹ Infrastructure, sovereign wealth, and pension funds are looking for asset classes with steady, inflation-adjusted income streams, and development banks are working to expand the number of vehicles available to access infrastructure.

A critical obstacle slowing the flow of private capital to infrastructure is the lack of properly structured, bankable projects.² Properly analyzed (with detailed demand, engineering, and costing analysis) and well-structured projects are able to find financing.³ This does not imply that these projects are immune to uncertainty and risk. However, inherent uncertainties are clearly identified for investors to make calculated assumptions on the probabilities of expected outcomes, translate uncertainty into risk, and factor this into an expected return.

In practice, many projects do not have an adequate fact base built during preliminary work and potential investors face ambiguity (rather than uncertainty), which cannot be quantified and translated into a risk–return tradeoff. Frequently, infrastructure projects do not attract funding because they lack the adequate level of study necessary to establish their bankability, and projects that are not deemed bankable fail to attract more than cursory investor attention.

In short, funding challenges are real and significant. However, funding sources and mechanisms are largely responsive to the depth and quality of the project pipeline, rather than the key determinants of it. The remainder of this paper will focus on this critical issue of the challenge.

The objective of project preparation is to translate demand for infrastructure into bankable projects.

Global Bank Project Preparation Cycle (GBPPC) entails the work required to take projects from a concept to a contract award, including project identification, project definition, feasibility analysis, deal structuring, and transaction support. It can also extend to creating the enabling environment and post-signing/implementation support activities.

Global Bank key activities and outputs addressed through Global Bank Infrastructure Project Preparation Facility (“GBIPPF” or the ”Facility”) include:

• Designing and establishing the laws, regulations, policies, and institutions to support and enable a project’s (or broader sector’s) development and ongoing operation;

  Defining the need for the project, scoping the desired outputs, and establishing the project’s prioritization relative to competing demands;

• Conducting a cost-benefit analysis to establish the project’s feasibility;

• Developing project financing options and risk allocation to attract the right mix of finance;

• Translating plans into tangible agreements through a procurement and tendering process that ultimately concludes with financial close.

This work requires input from a wide range of disciplines, including legal, policy, engineering, environmental, and financial. Preparation activities can be broadly divided into upstream/early stage and downstream/later stage activities.

Most of the different infrastructure project preparation facilities identified by the Global bank Group tend to focus on providing support to different phases of the project cycle, rather than to all phases (although some do). This support tends to break down into early and mid-to-late stage support. Early stage support focuses on identifying / working up different project concepts and determining the elements of the enabling environment that need to be in place for the project to be able to obtain financing (specifically a private sector sponsor in the case of public-private partnerships (PPP). The latter phases involve the more detailed technical design, financial and legal structuring, environmental and other impact assessments and execution of the project.

The Global Bank Infrastructure Project Preparation Facility (“GBIPPF” or the ”Facility”) facilitates a more seamless transition from preparation to execution by financing additional project start-up activities. Facility make more funding available per project--up to 10% of the project’s capital cost --than traditional infrastructure project preparation facilities, as well.

The objective of the Global Bank Infrastructure Project Preparation Facility (“GBIPPF” or the ”Facility”) is to provide Global Bank, and by extension Global Bank’s clients, with high-quality, efficient and market-tested project preparation and policy dialogue for the entire range of Global Bank-financed project types, enabling Global Bank to extend financing to the public sector.

The Global Bank Infrastructure Project Preparation Facility (“GBIPPF” or the ”Facility”) aims to provide loans of around $500 million a year to finance infrastructure investment projects in the transport, energy, water and sanitation, environment and rural development, and social infrastructure sectors. Examples include renewable energy plants, roads or highways, and transmission and power grid development.

Projects are selected based on sound economic and financial viability, positive impact on social development and poverty reduction, promotion of regional cooperation and integration, and enhancement of private sector participation and/or public-private partnerships (PPPs).

Facility's projects are part of Global Bank's project pipeline, based on Global bank’s Country Partnership and Strategy and Country Operations Business Plan with the developing countries. The Global Bank Infrastructure Project Preparation Facility project pipeline is confirmed by the respective developing countries through Global Bank's country programming missions, and must also be approved by the Facility's Board of Directors.

Currently, 103 countries are eligible for the Sustainable Public Sector Infrastructure Window of Global Bank Infrastructure Project Preparation Facility (“GBIPPF” or the ”Facility”) lending,

Certain countries are eligible for investment projects and/or technical assistance projects. Eligible countries are limited to those that are eligible to receive financing from the Bank for International Development and Reconstruction, which are not in non-accrual. 

Global Bank Infrastructure Project Preparation Facility clients are middle-income and credit-worthy lower income countries. For the current 2016 fiscal year, the Facility classifies a country according to the wealth of its population. Middle-income countries are defined as having a per capita income of between around US$1,045 and US$12,736, which may qualify them to borrow from the Facility. India, Indonesia and Pakistan are examples of creditworthy low-income countries, which are eligible for financial assistance from Global Bank Infrastructure Project Preparation Facility.

The Sustainable Public Sector Infrastructure Window will focus on building strong national and regional and subregional economic integration objectives and policy dialogue-driven replicability of project structures based on commercialisation, corporatisation and institutional strengthening. It will also ensure that projects are well structured and bankable, responding to these needs identified by both the Global Bank and the international consensus on infrastructure. Sustainable Public Sector Infrastructure Window is expected to prepare approximately 15-20 projects per year when operating at full capacity.

The GBIPPF Steering Committee decides on funding allocations. The decision of the GBIIPF Steering Committee is based on the recommendations of the GBIPPF Technical Advisory Committee (TAC). The Technical Advisory Committee of GBIPPF is an independent panel of experts with a high level of experience and technical expertise in infrastructure project preparation, regional integration, infrastructure finance and sovereign financing issues, and have familiarity with the various master plans for regional and sub-regional integration through the increased implementation of priority infrastructure projects for those developing countries reviewing proposals submitted for financing by the Global Bank Infrastructure Project Preparation Facility (“GBIPPF” or the ”Facility”). The GBIPPF Technical Advisory Committee provides the due diligence screening of submitted proposals and formulates funding recommendations. Based on the recommendations, the GBIPPF Steering Committee decides on funding.

Eligible entities for GBIPPF Sustainable Public Sector Infrastructure Window are limited to sovereign entities countries for investment lending and/or Technical Assistance projects. Other entities are ineligible for direct Global Bank Infrastructure Project Preparation Facility financing. However, the GBIPPF Steering Committee recognizes the importance of participation by relevant stakeholders in the preparation and implementation of projects, and takes this into consideration when making financing decisions and final funding approval. Civil Society Organizations and private sector actors may have a role as third party implementers or service providers depending on program scope and design of programs in accordance with the internal policies, guidelines, and procedures of Global Bank.

Most Global Bank Infrastructure Project Preparation Facility (“GBIPPF” or the ”Facility”) resources and projects are intended for developing countries only.

Global Bank Infrastructure Project Preparation Facility classified countries under three categories on the basis of two criteria: (i) country-creditworthiness and (ii) GNI per capita. The first category comprises ‘not creditworthy’ countries with a GNI per capita below an established threshold updated annually (in fiscal year 2016-2019: of $1,045 or less in 2014). Countries in the first category are not eligible for financial resources from the Global Bank Infrastructure Project Preparation Facility. Global Bank Group has other instruments to support not creditworthy’ countries. The second category contains countries with a GNI per capita below the operational GNI cut off but creditworthy: these are called ‘blend countries’ and are eligible for Global Bank Infrastructure Project Preparation Facility and Global Bank resources. Finally, the third category is made up of countries above the operational GNI cut off and creditworthy. Those countries are eligible to Global Bank resources only.

While Global Bank Infrastructure Project Preparation Facility eligibility determinations will be made annually and effective from 1 January to 31 December, allocations are made once every three years. The 2016 Eligibility List is the list that will be used to allocate funding for the 2016-2017 allocation period.

The Monitoring Agent (MA) is under contract with the Global Bank, as the GBIPPF Administrator, which works closely with the Monitoring Agent to monitor their performance and work outputs. They meet regularly to review findings and determine follow up actions. In addition, as part of the Administrator's fiduciary framework for all operations (whether financed by the Global Bank or the Global Bank Infrastructure Project Preparation Facility (“GBIPPF” or the ”Facility”), an annual independent audit is conducted. The Global Bank follows up with the Government and the Monitoring Agent on audit findings.

Global Bank Infrastructure Project Preparation Facility (“GBIPPF” or the ”Facility”) Secretariat has developed clear procedures for requesting financial support. All applicants are requested to read the instructions in the GBIPPF Funding Project proposal carefully and submit sufficient documentation of their submitted projects.

Applicants are also requested to first check their eligibility as well as the eligibility of the proposed project.

Download the GBIPPF Funding Project proposal Form

Please send the completed form to the GBIPPF Secretariat via our GBIPPF Secretariat Contact Form.

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