Sustainable recovery involves post-disaster recovery and reconstruction planning support incorporating disaster risk reduction measures and ex ante country and regional capacity building for enhanced disaster response preparedness. GFDRR established the Standby Recovery Financing Facility (SRFF), also known as Track III, in 2008 to support sustainable recovery in high risk, low-and middle-income countries at federal, provincial and local levels. SRFF assists country governments with reliable and internationally acceptable damage, loss and needs assessments; provides technical assistance for subsequent post-disaster recovery and reconstruction planning and financing; and, promotes accelerated recovery through need-based and speedy recovery programs in extreme situations. The ex post activities of SRFF are disaster-specific while the ex ante capacity building initiatives are programmatic.
Financing Windows
- TA Fund:The Technical Assistance Fund supports damage, loss, and needs assessments; subsequent recovery and reconstruction planning; and, leveraging of its financing. It also promotes self-reliance by building internal country capacity for recovery planning and implementation.
- Callable Fund: The Callable Fund for accelerated recovery provides speedy access to financial resources for post-disaster recovery and reconstruction.
SRFF donors
- Australia, European Commission, Norway, and Sweden are among the donors to the TA Fund.
- Denmark, European Commission, Italy, Luxembourg, Switzerland, Brazil and USAID’s Office of U.S. Foreign Disaster Assistance (OFDA) are among donors to the Callable Fund.