News

Jamaica’s mission to secure catastrophe bond coverage as part of its disaster risk financing plan continues, with progress being made in terms of risk modelling while the World Bank has funded the country to help in paying cat bond premiums to investors.

UNDP, Germany, UK and IDF announce commitments to increase insurance protection

New programmes, commitments aim to accelerate implementation of risk management solutions to increase adaptation and resilience to climate risks to benefit 500 million individuals

The World Bank, alongside German and United Kingdom governments, have announced a new initiative to help vulnerable countries manage climate change and natural disaster related shocks, with the launch of the US $145 million Global Risk Financing Facility (GRiF).

Global Risk Financing Facility (GRiF) Launched
In partnership with the governments of Germany and the United Kingdom, the World Bank Group announced today a US$ 145 million Global Risk Financing Facility (GRiF) to help vulnerable countries manage to financial impact of climate change and natural hazard-induced shocks.

The World Bank Group, in partnership with the governments of Germany and the United Kingdom, announced today a US$145 million Global Risk Financing Facility (GRiF) to help vulnerable countries manage the financial impact of climate change and natural hazard-induced shocks.