The sponsor of the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund,” “GB DRRRF” or “DRRRF”) is the Global Bank.

Owned by the Global Bank Group¹, the Bank for International Development and Reconstruction, known as the Global Bank borrows in the international capital markets (“BIDR,” “Global Bank,” or “Bank”) is the Global Bank Group’s long-term sovereign lending institution. As a development bank with an agenda driven by G-7/G-8 and G-20-priorities, its leading priority is to promote global economic and social development. Unlike the multilateral development banks (MDBs)², Global Bank is not restricted to operating only in developing countries.

For interesting facts about the G-7/G-8 and G20:

The Bank for International Development and Reconstruction is a full-fledged private sector global development bank, in formation, – the world’s second global development bank – positioned next to the World Bank and the preeminent regional development banks (MDBs).

The Bank for International Development and Reconstruction was founded in 2013 to help developed, and developing countries achieve economic and social development through financing primarily public sector (sovereign) infrastructure projects and sustainable development. BIDR is one of five institutions that make up the Global Bank Group. BIDR is the part of the Global Bank Group that works with creditworthy countries to promote sustainable, equitable and job-creating growth, reduce poverty and address issues of regional and global importance.

Global Bank’s main goals are to end poverty and hunger and to achieve sustainable development in its three dimensions through promoting inclusive economic growth, protecting the environment, and promoting social inclusion.

The Global Bank’s activities are focused on developing countries, in fields such as human development (e.g. education, health), agriculture and rural development (e.g. irrigation and rural services), environmental protection (e.g., pollution reduction, establishing and enforcing regulations), infrastructure (e.g. roads, urban regeneration, and electricity), large industrial construction projects, and governance (e.g. anti-corruption, institutions development).

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 more information about the Global Bank, what we do and how we do it, please go to the About Us Section of the Global Bank Website at http://www.global-bank.org