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[Event Recap] Pilot Executive Education Program on Disaster Risk Finance for Indonesia - Bandung, Indonesia

Ahead of the Executive Education Program on Disaster Risk Finance (DRF) for Indonesia, jointly designed and conducted by Institut Teknologi Bandung (ITB) and the World Bank Group, to be held in March 2024, a pilot delivery was held at ITB, Indonesia, on November 23 and 24, 2023.

Photo: Scott Wallace / World Bank

World Bank Helps Bangladesh Improve Riverbank Protection and Navigability of the Jamuna River

Washington — The World Bank today approved $102 million to help Bangladesh improve riverbank protection and navigability in the Jamuna River, saving people from being displaced, protecting their livelihoods, and spurring economic activities.

SEADRIF Insurance Company makes 2 payouts for a total of US$1.5 Million to support flood response in Lao PDR within 1 business day

SEADRIF Pays US$1.5M to Support Flood Response in Lao PDR

Singapore – On Monday 14 August 2023 the SEADRIF Insurance Company made two payouts totaling US$1.5 Million directly to the Government of the Lao PDR to provide rapid support to the country.

Burkina Faso: Recent Trends and Outlook for the Economy and Poverty - Building financial resilience to climate risks

Burkina Faso Shows Resilience to Climate Risks In Face of Economic Slowdown

According to the latest "Burkina Faso Economic Update", economic growth slowed to 2.5% in 2022, with the country posting the highest inflation rate in the West African Economic and Monetary Union (WAEMU), thereby exacerbating food insecurity.

Photo Credit: Eftychia Syrimi / Pexels.com

Mozambique Purchases Cyclone Insurance to Protect Its Most Vulnerable

Posted on March 22, 2023 by James Verstringhe

Photo Credit: UNFP/Photolibrary

Djibouti Signs Groundbreaking African Agreement to Protect Lives of its Most Vulnerable

The Government of Djibouti has signed the first-ever multi-year, multi-peril agreement on the African continent with the African Risk Capacity Group (ARC Group) to protect the lives and livelihoods of its most climate-vulnerable communities.

Djibouti Purchases its First Sovereign Insurance Policy to Protect Thousands from Climate Risks

Djibouti Purchases its First Sovereign Insurance Policy to Protect Thousands from Climate Risks

There is a growing trend that climate shocks are increasing in frequency and intensity due to climate change. Djibouti, situated in the disaster-prone Horn of Africa, is highly vulnerable to droughts, floods, heatwaves, and earthquakes.