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The latest news from GFDRR
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Disaster insurance has quickly risen up the global policy agenda in the last few years, where phrases like “loss and damage mechanisms” and “micro-insurance schemes” are catching fire in climate change discussions about how to finance the costs of more frequent and more powerful storms, floods, droughts, and agricultural shocks. And for good reason.

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Globally, natural disasters have caused damages of nearly $4 trillion over the past 30 years—and the frequency and intensity of these powerful storms, droughts, and earthquakes continue to rise.  Leaders from developing countries, civil society, private sector and agencies including the World Bank, European Union, and United Nations came together to discuss how vulnerable countries can better prepare and protect hard-won development gains by establishing recovery strategies and processes before disaster strikes.

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Governments and policy-makers leverage RMS technology to strengthen risk management decision-making and support disaster risk reduction strategies

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The Bangladeshi government Monday signed an agreement with the World Bank to get 140 million U.S. dollars' credit to improve and strengthen critical disaster prevention infrastructure in the coastal areas of the country.

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A cloud-based mobile app that collates crowdsourced data during disasters won two awards in a recent hackathon on disaster resilience.

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A conversation with Dr. Ben Fox of the World Bank Group, about the Bank's work to reduce the economic burden of natural disasters

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he Southwest Indian Ocean Risk Assessment and Financing Initiative (SWIO RAFI) will be launched  during the fifth  Regional Platform for Risk Transfer Mechanisms (April 28-30), hosted by the Indian Ocean Commission (IOC).

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In the span of one year, volunteer mappers put 30,000 buildings on the map in Sri Lanka, enabling the country to plan ahead and be prepared for the next disaster. 

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The destruction wreaked by Typhoon Haiyan in the Philippines this month has renewed debate on a critical financial question: How can nations best prepare for and respond to natural disasters?

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The Tonga Hunga-Tonga-Hunga-Ha’apai volcanic eruption, tsunami and ashfall has caused an estimated US$90.4M (TOP 208 million) in damages – the equivalent of approximately 18.5% of Tonga’s Gross Domestic Product (GDP) – a World Bank assessment for the Government of Tonga has found. The report was produced with funding from the Global Facility for Disaster Reduction and Recovery (GFDRR).