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Global Risk Financing Facility (GRiF)

The Global Risk Financing Facility (GRiF) pilots and scales up support to strengthen the resilience of vulnerable countries to climate and disaster shocks. GRiF activities include:

  • insurance premium financing
  • contingent financing
  • risk financing investments
  • integrating risk transfer with loans to pilot new approaches to support debt sustainability
  • risk financing mechanisms that promote improvements in country systems for crisis response and recovery
  • technical assistance and capacity building

The GRiF covers climate and disaster shocks and will eventually expand to other crises pending interest from partners.

    Support provider 
    Governments of Germany and the UK, with support from the World Bank
    Purpose of support 
    Project and program implementation
    Steps to access  

    Projects will be selected and evaluated through a transparent process. External expertise will feed into the World Bank’s internal evaluation of funding proposal.

    Climate objective 
    Adaptation
    Sectors and themes 
    Disaster risk reduction
    Type of support provider 
    Multilateral
    Type of recipient 
    Public entity at the national level, International organization
    Co-financing required 
    Yes
    Trustee or administrator 
    World Bank
    Contact information 
    https://www.worldbank.org/en/topic/disasterriskmanagement/brief/global-risk-financing-facility