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