The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund” or “GB DRRRF”) emphasis is to manage the underlying drivers of disaster risk through enhancing understanding of disaster risk, governance for disaster risk reduction, investment and measures to strengthen resilience, and preparing for recovery, rehabilitation and reconstruction.

The Global Bank Disaster Risk Reduction and Reconstruction Fund – Umbrella Trust Fund priority areas are:

• Priority 1: Understanding Disaster Risk: Understanding disaster risk in its extent and genesis, including its drivers, is particularly critical to the DRRRF in light of the major shift in emphasis on risk present in the expected outcome, and, accordingly, the need to manage risk in and of itself.

• Priority 2: Disaster Risk Governance: The DRRRF works to strengthen disaster risk reduction governance in its institutional and participatory aspects at national and local levels. While restating the mainstreaming and integration of disaster risk reduction across all sectors, it puts forward a renewed paradigm to achieve it.

• Priority 3: Investing in Resilience: Priority area III of the DRRRF is particularly dependent on strong coordination and coherence in the development and implementation of sector policies and programs as well as the implementation of international instruments such as those concerning sustainable development, climate change and variability, and financing. The DRRRF makes a strong call for investing more resources in resilience and ensuring that risk-informed investments be made by both the public and the private sectors, and that disaster risk reduction considerations and measures be integrated into financial and fiscal instruments.

• Priority 4: Preparedness to “Build Back Better”:  Priority area IV of the DRRRF represents an important mix of continuity and innovation. The continuity aspect of the DRRRF is focused on the need to further improve preparedness for response, including through a renewed commitment toward early warning systems, which be multi‐hazards and multi‐sectoral, and the preservation of the functioning of critical infrastructures for the continued provision of essential services. It also includes the anticipation of “cascading disasters,” i.e., disasters which are magnified by multiple, sequential and interconnected hazards. Attention is also given to evacuation and displacement.

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://gbdrrtf.org/about-us/who-we-are