Global Facility for Disaster Reduction and Recovery Annual Report- GFDRR Bringing Resilience to Scale
Global Facility for Disaster Reduction and Recovery, 2015
During the course of the year, GFDRR issued 85 new grants worth $60 million—31 percent more than in FY13. The portfolio of projects under implementation consisted of 232 grants worth approximately $168 million, with Sub-Saharan Africa as the largest recipient.
This portfolio remains focused on 20 priority countries, representing 71 percent of grants.
With global losses from disasters averaging nearly $200 billion per year, countries need quick and scalable solutions. Unforeseen crises in Iraq, Syria, and Ukraine, in Gaza, and in Western African countries as a result of the Ebola outbreak, however, have brought severe fiscal pressures on the humanitarian and development aid budgets of GFDRR donor partners. Acknowledging these competing priorities, GFDRR continues to be selective in supporting country initiatives that justify its mission and maximize its resources. This approach has steadily made GFDRR the partner of choice for developing countries seeking to mobilize knowledge, capacity, and innovation in disaster risk management.
In delivering on its mission, GFDRR collaborates with numerous partners. In FY14, GFDRR strengthened its engagement with over 300 government entities, international organizations, civil society and communities, and the private sector. Due to these partnerships, GFDRR grants and technical assistance helped developing countries secure $1.5 billion in World Bank investment programs, up 50 percent from FY13. GFDRR’s support and advocacy also contributed to an increase in World Bank financing for disaster risk management, which totaled $5.3 billion in FY14—40 percent higher than in FY13.