Track III - Disaster Risk Reduction in Recovery

BACKGROUND

GFDRR’s support of sustainable recovery—also known as its Track III business line—is aimed at early, post-disaster recovery in low-income countries through its Standby Recovery Financing Facility (SRFF). Track III is less programmatic than Track I and Track II because it is deployed for post-disaster situations, but it does work to build national capacity and facilitate knowledge management with the long term in mind.

Track III, or SRFF, support adheres to a set of guiding principles and includes two financing windows:

• Window 1: The technical assistance (TA) fund: To support damage, loss, and needs assessments, and develop national capacity for recovery planning and implementation;
• Window 2: The callable fund for accelerated recovery to provide speedy access to financial resources for disaster recovery and reconstruction.
   

                                      
                                       *Note: The Partnership Learning Series (PLS) is a course series within the GFDRR Learning section.

FINANCIAL STRUCTURE

TA participating donors: Australia, European Commission, Ireland, Norway, and Sweden

• For Cyclone Nargis in Myanmar: Australia, Sweden
• For Sichuan earthquake in China: Australia

Callable fund participating donors: Denmark, European Commission, Italy, Luxembourg, Switzerland, and USAID’s Office of U.S. Foreign Disaster Assistance (OFDA)

• For Cyclone Sidr in Bangladesh: Denmark, the European Commission, and Italy

For more information on Track III, see Sustainable Recovery