DRRRF

THE GLOBAL BANK
DISASTER RISK REDUCTION
AND RECONSTRUCTION FUND

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What are the agencies of the Global Bank and what do they do?

The term “Global Bank” refers to The Bank for International Development and Reconstruction (BIDR) and The Global Fund for International Development and Reconstruction (GFIDR).  The Global Bank Group refers to the BIDR and GFIDR, as well as the Global Finance Corporation (GFC), the GFC Asset Management Company (AMC); and the Global Bank Investment Guarantee Agency (GBIGA).The Bank for International Development and Reconstruction (BIRD)/Global Bank: Lends to governments of middle-income and creditworthy low-income countries.The Global Development Fund for International Development and Reconstruction (GDFIDR): provides interest-free loans-called credits-and grants to governments of the poorest countries.Global Finance Corporation (GFC): focuses exclusively on the private sector, helping developing countries achieve sustainable growth.The Global Bank Investment Guarantee Agency (GBIGA) provides noncommercial guarantees (insurance) for foreign direct investment in developing countries. It addresses concerns about investment environments and perceptions of risk, which often inhibit investment, by providing political risk insurance.GFC Asset Management Company (AMC) mobilizes and manages third-party funds for investment in emerging markets. It manages funds on behalf of a wide variety of institutional investors, including sovereign funds, pension funds, and development finance institutions. 

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