How does the World Bank support countries hit by natural disasters?
This year, we have witnessed unprecedented droughts in Cape Town, an earthquake and tsunami in Indonesia, forest fires in the Arctic, and hurricanes in the US. How do countries mitigate and cope with devastating natural disasters? Manuela Ferro explains the World Bank’s credit options, highlighting its Development Policy Financing with a Deferred Drawdown Option (DPF-DDO). It caters to countries prone to natural disasters and health emergencies to improve institutional capacity for disaster preparedness and make them more resilient.