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What is the role of the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund?

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund,” “GB DRRRF,” or “DRRRF”) have the responsibility for coordinating the Global Bank Group relief efforts globally. These relief efforts include: (a) bringing risk reduction investments to the scale necessary to enable countries to achieve the Sendai Framework for Disaster Risk Reduction 2015-2030 and prevent disasters undermining progress on the Sustainable Development Goals; (b) supporting client countries to implement the resilience objectives specified in their Nationally Determined Contributions; (c) harmonizing results measurement for Nationally Determined Contributions; (d) increasing the availability and effectiveness of resilience financing for Small Island States; (e) strengthening Disaster Risk Management (DRM) tools and expanding financial solutions for fast-growing cities in the context of rapid urbanization, populations growth, and climate change; (f) increasing access to early warning and risk information; (g) working with the private sector to address gaps in risk financing; (h) assisting countries transfer risk to the markets through the intermediation of risk management transactions; and (i) working with the humanitarian community to address pressing needs, ahead of the World Humanitarian Summit in 2018.

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund supports the post-disaster Action Plans for the Recovery and Development and related initiatives. The DRRRF mobilizes, coordinates and allocates contributions from bilateral, multilateral, corporate and other donors to finance high-priority projects reconstruction and programmes and budget support globally.

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund provides funding to the most critical humanitarian priorities based on expert advice from aid workers and agreed planning strategies. Funding decisions are made on the ground, allowing GBARTF to respond to evolving needs and to address critical gaps not covered by other humanitarian funding. This enables the humanitarian community to better reach the most vulnerable and to use available resources more effectively and efficiently.

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, what we do andhHow 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


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