[…] We will work with the IGP to build a strong coordination mechanism for CDRFI and call upon the InsuResilience Solutions Fund and the WB Global Risk Financing Facility to contribute by identifying and covering protection gaps and supporting a wide range of partners.”6 G7 Summit Communique: „We recognise the urgent need for scaling-up action and support to avert, minimise, and address loss and d. [...] In the process of risk-layering, and to address the urgent need for strengthening the availability of quality risk analytics and capacities at a sub-national, national, and regional level, and the respective V20 demand, risk analyses will be conducted at a country level in order to quantify and assess risks and protection gaps and inform decision-making on CDRFI interventions and instruments of hi. [...] The request for CDRFI support contains the CDRFI interventions and instruments of highest priority for the country, the formats of support needed for implementation, and a recommendation for one or several of the financing vehicles under the Financing Structure to facilitate the requested support. [...] Instead, the following mechanisms will be put in place: - Decisions by the GS HLCG and reviews and recommendations by the TAG regarding the country’s requested CDRFI support have a strong guiding function for the financing vehicles and the funding allocation decisions of their respective steering units; - The financing vehicles will signal a financial contribution to countries prior and subject to. [...] - Risk analysis and capacity building of local partners with respect to climate and natural hazard analytics will be provided via the GRMA, an initiative of the V20 and the IDF and hosted by the ISF.
- Pages
- 22
- Published in
- Switzerland
