The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund (the “Trust Fund,” “GB DRRRF,” or “DRRRF”), through its various initiatives and partnerships, provides or will arrange financing worth billions of dolot to developed and developing countries in support of post-disaster recovery and reconstruction and technical assistance.
The Global Bank Disaster Risk Reduction and Reconstruction Fund – An Umbrella Trust Fund provides financing, and technical assistance to developed and developing country governments, government agencies, or private institutions. The proceeds of these financings are used by developed and developing countries to mitigate the costs of wide-reaching policy reforms and for support post-disaster recovery and reconstruction and technical assistance. Some of this financing comes in the form of investments or credits or grants. The financing obtained is for a wide range of activities aimed at creating the physical and social infrastructure necessary to support post-disaster recovery and reconstruction and sustainable development. Recipients of financing require goods, equipment, civil works and consulting services to carry out the activities under the investment or credit or grant. Therefore, the projects supported by these loans or credits are a source of business opportunities for local and international firms/organisations.
The DRRRF's Procurement Framework maximizes the strategic role of procurement by achieving key development effectiveness goals - emphasizing choice, quality, and value for public spending while enabling adaptation to country contexts.
To learn more about the Global Bank Disaster Risk Reduction and Reconstruction Fund Procurement Framework, what we do and How we do visit the About DRRRF and the Frequently Asked Questions Section of the DRRRF Website Section.
For information about the Global Bank, please visit http://www.global-bank.org