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

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 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...