The World Bank has emerged as a leading partner of disaster-prone countries in their efforts to manage the risk of disasters, and respond to their impacts when they hit. Investments are helping to safeguard growth in sectors like urban, water, transport, agriculture and rural development, and protect millions from the loss of lives and livelihoods in disasters. To leverage new investment, generate knowledge and expertise and build a global partnership for Disaster Risk Management (DRM), the Global Facility for Disaster Reduction and Recovery (GFDRR) was established in 2006.
