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  • Vulnerable Economies Call for Accelerated Financial Shift
    Vulnerable Economies Call for Accelerated Financial Shift

    Bali, 14 Oct 2018–  Finance Ministers from the V20 Group of climate vulnerable countries today sought large-scale changes to global finance flows, saying the funding shift needs to happen sooner, covering far larger amounts that can help protect economies from the worsening impacts of climate change. Convening at the World Bank-IMF Meetings in Bali, V20 countries said “the need to unlock investments for ambitious climate action is not only urgent but an absolute necessity given combined impacts from economic and climatic threats.”

  • The global battle to reduce the impact of disasters
    The global battle to reduce the impact of disasters

    The importance of raising public awareness about disaster risk has been highlighted in tragic fashion by the latest earthquake and tsunami to strike Indonesia.

    The huge death toll follows the loss of some 600 lives in the August earthquakes on Lombok, a popular destination for many Australian tourists.

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  • Global Risk Financing Facility
    Global Risk Financing Facility

    The governments of Germany and the UK, with support from the World Bank, are establishing a new Global Risk Financing Facility (GRiF) to pilot and scale up support to strengthen the resilience of vulnerable countries to climate and disaster shocks.

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  • UN 20-year review: earthquakes and tsunamis kill more people while climate change is driving up economic losses
    UN 20-year review: earthquakes and tsunamis kill more people while climate change is driving up economic losses

    GENEVA, 10 October 2018 – The last twenty years have seen a dramatic rise of 151% in direct economic losses from climate-related disasters, according to a report released today by the UN Office for Disaster Risk Reduction in advance of International Day for Disaster Reduction on October 13.

    In the period 1998-2017, disaster-hit countries reported direct economic losses of US$2,908 billion of which climate-related disasters accounted for US$2,245 billion or 77% of the total.

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  • Financing risk in Eurasia: Community, country and region
    Financing risk in Eurasia: Community, country and region

    Risk is part and parcel of development, entwined with development and inseparable from that development. Increasingly it is recognized that an understanding and management of risk is what makes development truly sustainable.