The United Nations Development Programme (UNDP) has announced an initiative aimed at strengthening the protection of vulnerable communities from socio-economic, climate and health-related disasters.
handshake-close-up-photoThe Insurance and Risk Finance Facility (IRFF), established in the Finance Sector Hub, is said to significantly increase the role of insurance and risk-financing in development.
The German Government has contributed €35 million in funding for the facility in an effort to meet targets set out at the UN Climate Action Summit in 2019.
