News

The global community is badly prepared for a rapid increase in climate change-related natural disasters that by 2050 will put 1.3 billion people at risk.

One thing is clear today: Resilience is here to stay. Over the past couple of years, the global community has rallied around the importance of building resilience.

The governments of Germany and the UK, with support from the World Bank, are establishing a new Global Risk Financing Facility (GRiF) to pilot and scale up support to strengthen the resilience of vulnerable countries to climate and disaster shocks.

With billions coming in to rebuild communities ravaged by Supertyphoon “Yolanda” (international name: Haiyan) a year ago, the Aquino administration wants to assure the public that the money is really going to reconstruction and rehabilitation projects.