Over the past year the GFDRR continued to evolve as a robust and efficient global disaster risk management and climate change adaptation financing mechanism. This Annual Report presents GFDRR’s performance and achievements throughout Fiscal Year 2012 (FY12)1 , while also providing an overview of its cumulative results since 2007. The key achievements for this year are laid out according to GFDRR’s corporate structure – financed under Track I, II, and III. Results are presented in line with the five key focus areas of GFDRR’s engagement with its client countries and partners: risk identification, risk reduction, preparedness, financial protection, and resilient reconstruction.