NOTICE: Coronavirus (COVID19)
March 14, 2020 – Newport Beach, California: The Global Bank Group authorized the departure of U.S. personnel and family members from any diplomatic or resident missions post in the world who have determined they are at higher risk of a poor outcome if exposed to COVID-19 or who have requested departure based on a commensurate justification. These departures may limit the ability of the Global Bank Group and the Global Bank Group’s Agencies, Funds and Programmes, spans across all policy and programmes areas, with the critical support of the Bank Group’s resident mission to provide services in infrastructure and sustainable development, climate change including to disaster areas.
Many countries are experiencing COVID-19 outbreaks and implementing travel restrictions and mandatory quarantines, closing borders, and prohibiting non-citizens from entry with little advance notice. Airlines have cancelled many international flights and several cruise operators have suspended operations or cancelled trips.
At present the Global Bank Group is making every effort to assist employees overseas who wish to return to the United States or to their country of residence immediately using whatever commercial means are available. As the Covid-19 situation develops, our ability to provide such assistance working with commercial airlines or arranging for evacuation flights may become more limited or even unavailable. In recent weeks, commercial airlines have significantly reduced flight schedules and countries have closed airports and borders with little advance notice.
For the latest information regarding COVID-19, please visit the Centers for Disease Control and Prevention’s (CDC) website.
The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (GB-DRRRF) (@GBDRRRF), established in 2017, is a multi-donor partnership and grant-making financing mechanism. Its purpose is mainstreaming climate change into development to help achieve the Sendai Framework targets by 2030 - a decade-long plan to help make the world safer from disasters caused by natural hazards — and to support the implementation of the Global Climate Agreement in Paris, and prevent disasters undermining progress on the Sustainable Development Goals. 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.
More detailed information can be found on the GB-DRRRF’s website http://www.gbdrrrf.org/
About Global Bank
Owned by the Global Bank Group, The Bank for International Development and Reconstruction, known as the Global Bank borrows in the international capital markets (the “BIDR,” or the “Global Bank”) and 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), Global Bank is not restricted to operating only in developing countries.
The Global Bank Group (@GlobalBankGroup) represents, develops and supports the collective interests of the Global Bank and any of its business interests globally. Global Bank is a full-fledged private sector global development bank, in formation, – the world’s second global development bank – positioned next to the World Bank Group and next to the preeminent regional development banks. It combines the characteristics of a multilateral development bank with those of a private financial institution. The primary objective of the Global Bank is to reduce poverty in middle-income countries and creditworthy poorer countries by promoting sustainable development. To this end, Global Bank finances primarily public sector infrastructure projects and sustainable development through the provision of sovereign loans to developing countries. Global Bank’s financial objective is not to maximize profit, but to earn an adequate income to ensure its financial strength and to sustain its development activities.
For information about the Global Bank, please visit http://www.global-bank.org
GLOBAL BANK EXTERNAL RELATIONS DEPARTMENT
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