Country-based Pooled Funds
Natural hazards occur at different times, across different areas, and to different scales, each having their own unique characteristics. Tornadoes and flash floods are short-lived, violent events, affecting a relatively small area. Others, such as droughts, develop slowly but can affect an entire country or even most of a continent for months or even years. The Global Bank Country-based Pooled Funds are established by the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund when a new, complex, large-scale, natural or man-made disaster occurs or when an existing humanitarian situation deteriorates.
The Global Bank Country-based Pooled Funds are focused on what happens a day after survivors have been rescued, and the life-saving aid has been delivered.
The Post-disaster Reconstruction and Economic Recovery Fund (PRERF) in Global Bank is a Country-Based Pool Fund (GB-CBPF). The Global Bank Country-based Pooled Funds are Multi-Donor financing instruments established by the Global Bank Group and placed under the leadership of Global Bank. They are managed by the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Fund,” “GB-DRRRF,” or “DRRRF”) and their activities are closely aligned with those of the Global Bank Disaster Risk Reduction and Reconstruction Fund. They focus on the urgent needs of post-disaster reconstruction and work towards longer-term sustainable economic recovery. They have two objectives: (i) provide for rapid and predictable disaster recovery operations, as a complement to the existing international coordination and financing instruments of various multilateral and bilateral agencies for this purpose and (ii) strengthen the leadership of the Global Bank Group in post-disaster reconstruction and economic recovery situations and humanitarian coordination mechanisms. The Global Bank Country-based Pooled Funds allocate funding to Global Bank Group agencies, international and national non-governmental organizations (NGOs). These organizations, as well as donors, participate in the governance of the Global Bank Country-based Pooled Funds.
The GB-CBPF Financing
The Global Bank Country-based Pooled Funds are funded through voluntary contributions. While the Global Bank Country-based Pooled Funds receives the bulk of their funding from governments, they also garner wide-range support from foundations, companies, charities, and individuals. Given the critical role that the Global Bank Country-based Pooled Funds plays in meeting complex humanitarian needs, its annual initial funding target for each Country-based Pooled Fund is subject to condition on the ground and the generous and consistent support of its donors.
Please support global relief efforts, and post-disaster reconstruction and economic recovery by donating to the Global Bank Country-based Pooled Funds and allow Global Bank Group agencies and humanitarian coordination mechanisms to help people in need quickly and effectively. Your donation to the Global Bank managed humanitarian funds will be channeled through the Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund.
Ways to DONATE to the Country Based Pool Fund (CBPF)
Contact the GB-CERF secretariat using this Contact Form
To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund, What we do and How we do it and Management and Organization, visit the About DRRRF and the Frequently Asked Questions Section of the DRRRF Website Section.