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Strengthening Senegal's Financial Resilience to Climate Change

Dakar, July 2024 - The Republic of Senegal, through the Ministry of Finance and Budget, in partnership with the World Bank and the Global Shield Financing Facility (GSFF), with the support of the United States Agency for Internation

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Insurance Development Forum (IDF)-World Bank Group Knowledge Hub Day and IDF Summit

June 2024 saw London play host to several high-profile events tailored to share the insurance sector's experience on designing and implementing effective climate and disaster risk financing strategies.

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Oxford Executive Education Program on Climate and Disaster Risk Finance

The “Crisis and Disaster Risk Finance (CDRF) Executive Education Program” held on June 13-14, 2024 at Oxford University, UK was co-delivered with the University of in partnership with the Global Shield against Climate Risks and the Insurance Development Forum.

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The World Bank’s Crisis and Disaster Risk Finance Unit at Understanding Risk 2024 Global Forum

At the recent “Understanding Risk 2024 Global Forum”, held in Himeji, Japan, the World Bank’s Crisis and Disaster Risk Finance team, in collaboration with the Global Shield Financing Facility, showcased its contributions to the global disaster risk finance (DRF) agenda.

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6.2 Million Vulnerable People in Comoros, Madagascar, and Mozambique to Benefit from Financial Readiness Against Climate Shocks

WASHINGTON, July 30, 2024 — Over six million people in Comoros, Madagascar, and Mozambique are set to benefit from a new World Bank regional program that will enhance Eastern and Southern African countries' financial preparedness to respond to climate shocks.

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Islamic Finance Training under the Horn of Africa DRIVE project in Kenya and Ethiopia

The training group in Kenya

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[Event Recap] Launch of Government of Sierra Leone Disaster Risk Financing Strategy and Implementation Plan and DRF Capacity Building Workshop

On March 21, 2024, the Government of Sierra Leone launched its National Disaster Risk Financing Strategy and Implementation Plan for 2024-2029 at the Atlantic Hotel in Freetown, in collaboration wi

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World Bank Returns to the Cat Bond Market Providing Financial Protection to Jamaica

Washington D.C., April 25, 2024 - The World Bank (International Bank for Reconstruction and Development, or IBRD, AAA/Aaa), priced a catastrophe (cat) bond that finances US$150 million of insurance coverage for the Government of Jamaica against named storm events.

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[Event recap] Confronting Challenges in Gender-Smart Climate and Disaster Risk Finance: Resources and Toolkits

The "Confronting Challenges in Gender-Smart Climate and Disaster Risk Finance: Resources and Toolkits" webinar hosted by FARM-D, PARM, and the Centre of Excellence on Gender-smart Solutions explored progress made in gender-smart approaches to Climate and Disaster Risk Financing and Insurance

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[Event Recap] Webinar: The Challenges and Opportunities for Climate Risk Takaful

On May 14th, over 120 people, from 69 different countries, joined the virtual webinar on "The Challenges and Opportunities for Climate Risk Takaful,” co-hosted by the Insurance Development Forum (IDF) and the World Bank's Disaster Risk Financing and Insurance Program (DRFIP) with suppo