The Global Facility for Disaster Reduction and Recovery (GFDRR) is a global partnership that helps developing countries better understand and reduce their vulnerability to natural hazards and climate change.
GFDRR is a grant-funding mechanism, managed by the World Bank, that supports disaster risk management projects worldwide.
Working on the ground with over 400 local, national, regional, and international partners, GFDRR provides knowledge, funding, and technical assistance.
The Technical Assistance (TA) Programme for Disaster Rick Financing and Insurance (DRFI) in Caribbean Overseas Countries and Territories (OCTs), launched in 2019, is a partnership between the European Union (EU), the World Bank Group (WB), and the Global Facility for Disaster Reduction and Recovery (GFDRR). The Program is integral part of RESEMBID.
The objective of the Programme is to enhance long term resilience and adaptation capacity in OCTs to adapt to extreme and recurrent natural events, to the benefit of the most vulnerable. The Technical Assistance Programme is supporting the OCTs in quantifying financial risk, strengthening financial protection in building financial resilience to disasters. This involves a two-phased approach that is expected to yield an individualized plan that accounts for each OCT’s specific risks, vulnerabilities and priorities.
The beneficiary OCTs are Anguilla, Aruba, Bonaire, British Virgin Islands, Cayman Islands, Curaçao, Montserrat, Saba, Sint Maarten, St. Barthelemy, St. Eustatius, and Turks and Caicos Islands.