World Bank Group, Germany, and UK launch $145m financing facility to support earlier action on climate and disaster shocks[:ru]WORLD BANK GROUP, GERMANY, AND UK LAUNCH $145 MILLION FINANCING FACILITY TO SUPPORT EARLIER ACTION ON CLIMATE AND DISASTER SHOCKS

10.12.2018 123 views
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. The new facility was announced at the World Bank and IMF Annual Meetings in Bali in the presence of senior representatives of the World Bank and the governments of Germany and the United Kingdom, with support from representatives of the Vulnerable 20 (V20) group of countries. “Natural disasters push some 26 million people into poverty each year as people struggle with the economic fallout of earthquakes, hurricanes, floods and other catastrophes” said World Bank CEO Kristalina Georgieva. “We can’t stop all these terrible events, but we can help countries with insurance or other risk finance so people get faster help to rebuild.” Disaster risk finance and insurance mechanisms can help governments have the funds in place when they need them to respond to shocks, while promoting better preparedness and risk reduction. Over the next five years, the GRiF will provide financing to set up mechanisms such as national disaster insurance programs that can help channel money to people affected by disasters when they need it. This new Facility will help governments access risk financing and insurance solutions to mobilize effective response and prepare better for climate and disaster shocks”, said Germany’s Parliamentary State Secretary Barthle. “It is key that the new facility focus on the poorest and most vulnerable people.” In 2017, disasters caused over $300 billion in losses globally – the second highest annual figure ever recorded. Governments of vulnerable countries bear the burden of these costs. The poorest are not only more vulnerable and exposed to immediate impacts but also face longer-term impacts on their development prospects. “We have all seen the devastating impact of the recent earthquake in Indonesia. Disasters are becoming more frequent and more extreme, leading to the loss of life, homes and jobs, particularly among the world’s poorest people. Through the World Bank’s Global Risk Financing Facility, UK aid is supporting countries to build resilience and put in place finance and systems to ensure they are better prepared to respond to emergencies. This will save lives and also help vulnerable countries recover more quickly after disasters,” said Secretary of State for the UK’s Department for International Development, Penny Mordaunt. The GRiF will also provide technical assistance to develop, test, scale up, and improve on financial solutions. The Centre for Global Disaster Protection in London, a partnership between the UK and the World Bank Group, will provide specialist support in this effort. GRiF will directly contribute to the goals of the InsuResilience Global Partnership, launched at COP23 in 2017, and will be a member of its Program Alliance. The GRiF is currently supported by the German Federal Ministry for Economic Cooperation and Development (BMZ) as well as the UK Department for International Development (DFID), and is jointly managed by the World Bank’s Disaster Risk Financing and Insurance Program (DRFIP) and the Global Facility for Disaster Reduction and Recovery (GFDRR). Source - https://www.insuresilience.org
28.03.2024

Canada - How Sask.'s new budget does and doesn't address climate change

The world is facing record heat from human-caused climate change brought on by carbon dioxide and methane emissions, but the words "climate change" don't appear once in Saskatchewan's newly released 75-page 2024-25 budget.

28.03.2024

Kenya - How crop insurance is transforming agriculture

Kenyan farmers continue to face challenges due to unpredictable weather conditions. As a result, they are turning to insurance coverage for their crops and livestock. Insurance experts have reported that most farmers who are insuring their crops are smallholders who rely on rain-fed agriculture and use low-technology farming methods.

28.03.2024

USA - How spring temperature fluctuations, early blooms are impacting Centre County fruit farmers

Plenty of people in Centre County got outside to enjoy temperatures in the 60s and 70s earlier this month, but spring weather fluctuations continue to cause concern for local fruit farmers.

28.03.2024

USA - Farmers use helicopters to warm crops amid spring freezes

An early spring this year means more work for farmers as early blooms face freezing temperatures. Les Dozier's Sta-N-Step Farms has served Northwest Arkansas since 1989. His farm is one of many facing freezing temperatures that could ruin crops.

28.03.2024

Ireland - Potato will be scarce by June, farmers praying for rain to stop

Farmers have to "watch, hope and pray" for a "sweet spot" of dry weather in the coming weeks or many will have to debate whether to plant at all this year. As continuous rainfall adds to already saturated ground, many big and small potato farmers are warning that the Irish favourite variety of Rooster may be in scarce supply by June.

28.03.2024

USA - Several metro Atlanta counties declared natural disaster zones after severe drought

More than 30 Georgia counties — including 10 in metro Atlanta — have been designated “primary natural disaster areas” by the United States Department of Agriculture, the agency announced Thursday.

27.03.2024

Turkey - Climate change may affect grape cultivation

A recent study has highlighted the impact of the climate crisis on viticulture in Turkey, predicting that the expected rise in temperatures and reduced rainfall could shift the suitability of vineyard regions for grape production over the next three decades.

27.03.2024

Crop crisis reveals El Niño’s toll on Southern Africa

New findings from the El Niño-Southern Oscillation (Enso) reference group highlight the significant impact of the 2023/24 El Niño event on various aspects of climate and agriculture in Southern Africa.

istanbul escort şişli escort tbilisi escort şişli escort şişli escort maslak escort istanbul escort beşiktaş escort taksim escort izmir escort ümraniye escort mecidiyeköy escort şişli escort taksim escort ümraniye escort kartal escort şirinevler escort maltepe escort istanbul escort ümraniye escort kadıköy escort vip escort mersin escort istanbul escorts ataköy escort avcılar escort beylikdüzü escort okmeydanı escort şişli escort tuzla escort işitme cihazı sex shop sex shop sex shop sex shop sex shop sex shop sex shop sex shop