GLOBAL RISK FINANCING FACILITY

The Global Risk Financing Facility (GRiF) was established in October 2018 as a Multi-Donor Trust Fund (MDTF) with over $200 million in pledges from Germany and the United Kingdom, to help countries design and implement financial solutions to manage disasters and climate shocks. GRiF provides finance and technical expertise to develop new pre-arranged financing instruments and help existing ones grow. These financial tools and systems help countries and their people prepare for-and recover more quickly from-the impacts of climate shocks, disasters, and crises... GRiF provides grants and technical expertise to help developing countries safeguard development progress and recover more quickly from the financial impacts of climate shocks, disasters, and crises... The World Bank, Germany, and the United Kingdom form the GRiF Steering Committee (SC). This serves as the primary governing body, providing guidance and strategic advice on GRiF's program priorities. The GRiF Secretariat leads..

Also known as: GRiF