Tuesday 18 December 2018
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reliefweb - 2 month ago

World: World Bank Group, Germany, and UK Launch $145 Million Financing Facility to Support Earlier Action on Climate and Disaster Shocks

Source: World Bank Country: Germany, United Kingdom of Great Britain and Northern Ireland, World
WASHINGTON, October 12, 2018—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

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