This annual report presents the progress and achievements made under the Japan-World Bank program for mainstreaming disaster risk management (DRM) in developing countries from the period between July 1, 2021, and April 15, 2022. Progress was measured against the objectives of the program and the targets stated in the fiscal year 22 (FY22) work plan submitted to the Ministry of Finance (MoF) Japan in June 2021. The annual report is structured as: section 1: provides the overall progress of the program’s phase 2 trust fund activities in FY22 for the country program and the Tokyo DRM hub components. Section 2: provides details on the program’s results and achievements against its objectives, the Sendai framework, and program priority areas. It also includes FY22 results on Japanese expert engagement and total beneficiaries of Japan Program TA grants approved in FY22. Section 3: highlights key stories of impact and results from the program-financed grants.