DRRRF

THE GLOBAL BANK
DISASTER RISK REDUCTION
AND RECONSTRUCTION FUND

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Press Releases

Water and Climate Change Nobel Week Dialogue 2019

Lisen Schultz, deputy science director at the Stockholm Resilience Centre, moderates a discussion on the effects of climate change on water. Participating are: Steven Chu, Nobel Laureate in Physics 1997 Julian Dowdeswell, director of the Scott Polar Research Institute and professor of physical geography in the University of Cambridge Johan Rockström, professor of environmental science and co-chair of the world’s largest research network for global sustainability science, Future Earth The Nobel Week Dialogu
February 6, 2019

Global Bank Group Statement on Tsunami in Indonesia

Los Angeles, CA – December 24, 2018 – Ron Nechemia, the President of the Global Bank Group1 ("Bank Group") has today extended his condolences following the loss of lives and expressed support to all of those in Indonesia affected by the deadly tsunami that devastated Indonesia’s Banten and Lampung provinces on 22rd day of December and has today issued the following statement on behalf of the Global Bank Group and its Affiliates, Affiliated Specialized Agencies, Funds and Programmes:
December 31, 2018

Global Bank Group Launches Fund to Catalyze High-Impact Climate Change Initiatives

Los Angeles, CA – November 25, 2018 – Today, in advance of the United Nations Climate Change Conference (COP24) to be held from 2 to 14 December 2018 in Katowice, Poland, the Global Bank Group announces the launch of the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the GB-DRRRF). 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.
December 9, 2018

Move over World Bank, all hail Global Bank

An innovative public-private approach to multilateral banking is set to revolutionise the development world and provide a new rival to the Asian Development Bank. Move over World. Bank — Global Bank is taking centre stage. The California-based entity is “in the final stages of [formal] announcement”, its president and chairman Ron Nechemia told GlobalMarkets in a pre-launch interview in Yokohama, venue of this year’s ADB annual meeting.
March 14, 2018

Global Bank President, Ron Nechemia, Appointed Former Managing Director for Paul Hastings, Siobhain McCarthy, as Global Head of Human Resources

Irvine, CA - November 18, 2014 - Dr. Siobhan McCarthy has been appointed Vice President in Charge of the Human Resources Services Vice Presidency Unit of Global Bank, Ron Nechemia, President and Chairperson of the Board of Governors, announced today. McCarthy, a British national, will be
November 18, 2014

Global Bank President, Ron Nechemia, Appointed Former Human Resource Advisor and Division Chief, Compensation & Benefits of the International Monetary Fund (IMF), Roger A. Burston, as HR Advisor to the Chairman and Assistant Corporate Secretary for Global Bank

Mr Roger A Burston, a British national, with highly effective managerial skills and substantial Human Resources and Compensation management experience within the private sector and three international financial organizations namely the European Bank for Reconstruction and Development (EBRD), the International Monetary Fund (IMF) and the Asian Development Bank (ADB), and in the financial private sector was appointed by Global Bank President, Mr. Ron Nechemia, as Human Resources Advisor to the Chairman and Assistant Corporate Secretary for Global Bank Group where he will be working closely with the President on building the leadership of the Bank.
October 27, 2014

William Reid Thomson Joins the International Advisory Board Council of Global Bank

William Thomson is a Senior Advisor to the President, Ron Nechemia, and Member of the International Advisory Board Council of Global Bank. He is ageopolitical analyst and international economist experienced in development and capital markets issues, with a longstanding and deep interest in Asian economic developments.
October 22, 2014

Global Bank - Who's Who - Walter E. Gaskin

Walter E. Gaskin of USA took office as the Managing Director in Charge of Operation Management Complex of Global Bank on July 16, 2014. Mr. Gaskin as the Managing Director in charge of the Management Complex, Global Bank is responsible for ensuring that the Bank's internal operations, policies and systems are designed and implemented to maximize development activities in line with the commitment to make the Global Bank Group an open, results-based and effective organization.
October 16, 2014

Former Deputy Chairman, NATO Military Committee, Lieutenant General Walter E. Gaskin to Join Global Bank as the Managing Director in Charge of the Operation Management Complex

Irvine, CA - October 8, - 2014 Former Deputy Chairman, NATO Military Committee, Lieutenant General Walter E. Gaskin has been named Managing Director in Charge of the Operation management Complex of Global Bank. Gaskin is one of four managing directors who assist the president in the broad oversight of the Global Bank. Each of the managing directors oversees several organizational units.
August 10, 2014

Mr.Ron Nechemia Pays a Tribute to the Life and Legacy of Nelson Mandela

December 5th, 2013 -- With the death of Nelson Mandela, the world has lost "a visionary leader, a giant for justice who raised the standard of humanity the world over," according to Ron Nechemia, Chairman of the EurOrient Financial Group. Imprisoned for nearly three decades for his fight against white minority rule, Nelson Mandela emerged determined to use his prestige and charisma to bring down apartheid while avoiding a civil war. Mandela was freed in 1990 and became South Africa's first black president in 1994.
December 5, 2013

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About GB-DRRRF
The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (GB-DRRRF) (), 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

Global Bank Group

Global Bank is the Global Bank Group’s long-term sovereign lending institution. As a development bank with an agenda driven by G-7 and G-20 priorities, its leading priority is to promote global economic and social development.

Global Bank is one of five institutions that comprise the Global Bank Group. The Bank is the part of the Global Bank Group that works with developed and developing countries, particularly the least developed countries (LDCs), to promote sustainable, equitable and job-creating growth, reduce poverty and address regional and global importance issues.

For information about the Global Bank, please visit http://www.global-bank.org

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