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:
"Hundreds of people have lost their lives as yet another deadly natural disaster has hit Indonesia and caused widespread devastation. We, the Global Bank Group (a group of five interrelated organizations that make up the Global Bank Group), are saddened by the loss of life and devastation caused by the deadly tsunami that was triggered by a volcano that devastated Indonesia’s Banten and Lampung provinces and struck Indonesia on 22nd day of December.”
The Global Bank Group and Indonesia are Strategic Partners and friends. The Bank Group stands in full solidarity with the Government and the people of Indonesia in the aftermath of these natural disasters, and have offered our full support to assist in the effective post-disaster reconstruction and recovery. The Global Bank Group will continue to monitor the situation closely and is ready to mobilize more assistance.
The response to the tsunami is being coordinated by Global Bank and the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the GB-DRRRF), under the overall leadership of the Coordinating Minister for Political and Security Affairs.
The Global Bank Group has already activated the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (GB-DRRRF). The GB-DRRRF has the mandate for coordinating the Global Bank Group relief efforts globally. These relief efforts include: (a) bringing risk reduction investments to the scale necessary to enable countries to achieve the Sendai Framework targets by 2030 and prevent disasters undermining progress on the Sustainable Development Goals; (b) supporting client countries to implement the resilience objectives specified in their Nationally Determined Contributions; and (c) to support the implementation of the Global Climate Agreement in Paris, and prevent disasters undermining progress on the Sustainable Development Goals.
“Our thoughts and prayers are with the victims, and all affected as well as with the first responders who are working hard to save lives in Indonesia under very difficult conditions. We express our condolences to those who have lost loved ones,” says Ron Nechemia, the President of the Global Bank Group.
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.