DRRRF

THE GLOBAL BANK
DISASTER RISK REDUCTION
AND RECONSTRUCTION FUND

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The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund

Natural hazards are severe and extreme weather and climate events. Although they occur in all parts of the world, some regions are more vulnerable to certain hazards than others. Natural hazards become disasters when people’s lives and livelihoods are destroyed. Every year, major earthquakes, floods, and hurricanes occur. These natural disasters disrupt daily life and, in the worst cases, cause devastation. Events such as the 2004 Indian Ocean Tsunami, the 2005 Hurricane Katrina, the 2011 Great East Japan Earthquake, 2012 Hurricane Sandy, and 2017 Hurricane Harvey killed thousands of people and generated billions of dollars in losses. Although disasters are quick to strike, their consequences can linger for months and years.

 

About GB-DRRRF

Millions of lives have been shattered every year by disasters such as drought, storms, major earthquakes, landslides, heat waves, floods, and hurricanes. These natural disasters disrupt daily life and, in the worst cases, unleash dramatic levels of devastation. The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “DRRRF” or the GB-DRRRF) is primarily focused on what happens a day after "mega-disasters," catastrophic threats to individual cities, to countries, to a world region, and the entire globe. While meeting life-saving and life-sustaining needs, the Global Bank Disaster Risk Reduction and Reconstruction Fund and Global Bank1 carries out research that helps prepare for, respond to, and recover from large-scale disasters — including hurricanes, earthquakes, nuclear accidents, pandemic flu, and terrorist attacks. The GB-DRRRF’s approach combines research, policy work, education, and high-level advocacy to ensure that the best thinking — and best practices — become part of disaster preparedness and recovery work. The rapid and flexible support offered by the Global Bank Disaster Risk Reduction and Reconstruction Fund makes it a central pillar of the Global Bank Group agencies’ humanitarian response architecture. Read More...

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund works to understand and improve the nation’s capacity to prepare for, respond to and recover from disasters. GB-DRRRF focuses on the readiness of governmental and non-governmental systems; the complexities of population recovery; the power of community engagement; and the risks of human vulnerability, with a particular focus on the elderly, disabled and children. Read More...

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund is a humanitarian fund that was launched in the context of the German G72 Presidency 2015, and G203  Hamburg summit 2017. It was designed to spearhead the Global Bank Group's efforts to address natural and man-made humanitarian emergencies and work toward longer-term recovery. Its purpose is to ensure a more predictable, flexible and timely response to complex humanitarian emergencies.  The objectives of GB-DRRRF is to promote early action and response to reduce the loss of life, enhance response to time-critical requirements and to strengthen Global Bank Group’s core elements of humanitarian response in underfunded crises, based on demonstrable needs and priorities identified in consultation with the affected State as appropriate. Read More...

 

The GB-DRRRF Financing

The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund is funded through voluntary contributions. While the Global Bank Disaster Risk Reduction and Reconstruction Fund receives the bulk of its funding from governments, it also garners wide-range support from foundations, companies, charities, and individuals.  Given the critical role that the Global Bank Disaster Risk Reduction and Reconstruction Fund plays in meeting complex humanitarian needs, its annual initial funding target is $1 billion with the generous and consistent support of its donors.

 

Support Humanitarian Causes

Please support humanitarian emergencies and work towards longer-term recovery efforts by donating to the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund and allow us to help people in need quickly and effectively. In order to protect and support those forced to flee their homes and carry out life-saving work, we rely almost entirely on government, corporation and individual donations to the GB-DRRRF. Donations to the GB-DRRRF directly support the lifesaving work being carried out by the Global Bank Disaster Risk Reduction and Reconstruction Fund on the ground in one of the world’s most vulnerable regions. Read More...

 

To learn how to support the Global Bank Disaster Risk Reduction and Reconstruction Fund to provide life-saving support to communities in need, please click HERE or visit us at  www.gbdrrrf.org

 

To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, What we do and How we do and Management and Organization, visit the About DRRRF and the Frequently Asked Questions Section of the DRRRF Website.

 

 

1  Global Bank Group, consisting of five institutions, represents, develops and supports the collective interests of its business interests around the world. One of these institutions is The Bank for International Development and Reconstruction known as the Global Bank,(“BIDR,” “Global Bank,” or “Bank”).  Global Bank is a full-fledged private sector global development bank, in formation, with legal and regulatory rights including formal approval to utilize the term "Bank" pending – 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 borrows in the international capital markets. 

2   The G7 is an organization of world leaders, finance ministers, and heads of state from seven of the largest economies in the world - Canada, France, Germany, Italy, Japan, the U.K., and the U.S. - as well as the European Council, EU Commission, and International Monetary Fund.

3   The G20 (or G-20 or Group of Twenty) is an international forum for the governments and central bank governors from Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, Turkey, United Kingdom, United States, and the European Union. Founded in 1999, the G20 aims to discuss policy pertaining to the promotion of international financial stability. It seeks to address issues that go beyond the responsibilities of any one organization. The G20 heads of government or heads of state have periodically conferred at summits since their initial meeting in 2008, and the group also hosts separate meetings of finance ministers and foreign ministers due to the expansion of its agenda in recent years.

 

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