The Global Bank Group (Bank Group”) is serving as Trustee for the for the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund,” “GB DRRRF,” or “DRRRF”). The Global Bank Group, in its capacity as the Trustee, will established the Trust Fund to receive contributions from Donors to the DRRRF, and will hold in trust, as a legal owner, and administer the funds, assets and receipts that constitute the Global Bank Disaster Risk Reduction and Reconstruction Fund.  The Trustee is accountable to the DRRRF Steering Committee for the performance of its functions.

The Trustee will have no responsibility for the use of the Trust Fund funds transferred and Activities carried out therewith. In particular, the Trustee shall have no responsibility, fiduciary or otherwise, for the implementation or supervision of Activities financed by such funds, including without limitation, any duties and obligations that might otherwise apply to a fiduciary or trustee under general principles of trust or fiduciary law.