The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund,” “GB DRRRF,” or “DRRRF”) supports priorities for action outlined in the Sendai Framework for Disaster Risk Reduction 2015-2030, as well as contribute to achievement of the Sustainable Development Goals and the Paris Agreement. The DRRRF Will:
 

• Promoting open access to risk information: The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund utilizes cutting-edge science and technology to create robust disaster risk information that is openly available and easily understandable by all actors responsible for managing disaster and climate risk. Moreover, DRRRF supports communities to map their exposure to disasters and climate change, ensuring that their voice and knowledge is part of the resilience solution.

• Promoting resilient infrastructure: Public and private investment in disaster risk prevention and reduction through structural and non-structural measures are essential to enhance the economic, social, health and cultural resilience of persons, communities, countries and their assets, as well as the environment. These can be drivers of innovation, growth and job creation. Such measures are cost-effective and instrumental to save lives, prevent and reduce losses and ensure effective recovery and rehabilitation. The objective of the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund in infrastructure is to improve alignment and coordination between established and new infrastructure initiatives as well as among multilateral and national development banks, national  institutions and the private sector in order to bridge the ‘infrastructure investment gap’ and to facilitate the implementation of sustainable, accessible and resilient infrastructure for all State, particularly for developing countries.

• Deepening financial protection: Disaster risk finance aims to improve the ability of governments to clarify and meet obligations arising from shocks caused by disasters while minimizing threats to development progress and fiscal stability.  Increasingly, governments seek to meet this objective and manage the financial impact of disasters triggered by natural hazards in a comprehensive and strategic way. The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust is working to mobilize financial resources to assist States, in particular developing countries in implementing the goals of the Sendai Framework for Disaster Risk Reduction 2015-2030, including 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.
   

• Building resilience at the community level: Over the past 20 years, typhoons, floods, droughts, earthquakes and other natural hazards have claimed 1.35 million lives and affected on average 218 million people per year. They also have devastating effects on socio-economic development with a global economic impact since 2005 surpassing USD 1.3 trillion, mostly in developing countries. If better preparedness planning was in place, time, money and lives could have been saved. The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund to prevent new and reduce 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.

• Deepening engagements in resilience to climate change: Promoting and enhancing action on the development and transfer of environmentally sound technologies to States, in particular developing countries is critical to supporting action on mitigation of greenhouse gases and adaptation to the adverse effects of climate change. Accelerating, encouraging and enabling innovation is critical for an effective, long-term global response to climate change and promoting economic growth and sustainable development. Such effort, as appropriate, is supported by the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund, including by the Technology Mechanism and, through financial means, by the Financial Mechanism, for collaborative approaches to research and development, and facilitating access to technology, in particular for early stages of the technology cycle, to States, in particular developing countries.

• Enabling resilient recovery: In the face of apparently insurmountable odds, Global Bank Group (the “Bank Group”) has found ways to rebuild smarter, stronger, safer and faster. We are successful because, before disaster strikes, we have already laid the groundwork by fortifying the Bank Group’s physical, digital, financial, and societal infrastructure in an effort to better mitigate and manage post-crisis reconstruction.

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund is mobilising large-scale financing for effective post-disaster reconstruction and recovery efforts including leveraging public and private climate finance in an effective, catalytic manner to an increased adaptive capacity and a low greenhouse gas emission and climate-resilient development, aiding in the achievement of related Sustainable Development Goals.

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