GFDRR in 2012
Over the past year the GFDRR continued to evolve as a robust and efficient global disaster risk management and climate change adaptation financing mechanism. this Annual Report presents GFDRR’s performance and achievements throughout Fiscal Year 2012 (FY12)1 , while also providing an overview of its cumulative results since 2007. the key achievements for this year are laid out according to GFDRR’s corporate structure – financed under track i, ii, and iii. Results are presented in line with the five key focus areas of GFDRR’s engagement with its client countries and partners: risk identification, risk reduction, preparedness, financial protection, and resilient reconstruction.
GFDRR contributed to the international policy agenda to mainstream disaster and climate risk management into development. As the world Bank’s focal point on DRM, over the course of FY12, GFDRR supported, for example, the Mexican G20 Presidency, participated at the unFCCC COP17 Meeting in Durban and co-organized events to discuss DRM at the 4th high level Forum for Aid effectiveness in Busan, the un Rio+20 Conference on Sustainable Development as well as organized the Resilience Dialogues in the margins of the world Bank Annual and Spring Meetings. this work is advanced both directly and through the partnership with uniSDR under track i.
The year has also seen important developments for the GFDRR Partnership both within the world Bank as well as externally. the world Bank is increasingly recognizing the importance of disaster and climate risk management within its overall business model. After five years, the GFDRR Secretariat welcomed a new Manager in May 2012. the new Manager also holds the newly created position of Manager of the world Bank DRM Practice Group. the GFDRR partnership continued to grow with new donors and partners supporting DRM and CCA activities around the globe. At the 11th Meeting of the Consultative Group in Jakarta, the netherlands took over as co-chair of the Consultative Group (CG) for 2012. Austria joined GFDRR as a new donor contributing to its resilient recovery operations.
Chile, Malaysia, Morocco and the islamic Development Bank expressed interest in future engagement. togo and the Solomon islands joined the Consultative Group as developing country members and the CG invited haiti to continue as a member for another 2 year term.
Strengthening its support to vulnerable countries, GFDRR approved 31 projects worth over uS$ 22 million2 in FY12. 89 percent (uS$ 20.3 million) of these relate to mainstreaming DRM, and 11 percent (uS$ 2.4 million) to resilient recovery. with 40 percent or uS$ 9 million of total approved projects, the Africa region received the largest amount of financial support from GFDRR, followed by the east Asia Pacific region at 27 percent or uS$ 6.1 million. the highest share of funding – over 60 percent– was allocated for risk reduction activities. this was followed by 13 percent each for risk identification and financial protection, 9 percent for resilient reconstruction, and 4 percent for preparedness.
GFDRR achieved its highest disbursements-to-approvals ratio to date. A key feature of GFDRR’s performance since 2007 has been the steady rise of its financial efficiency, in terms of disbursements of project funds. while the annual disbursements-to-approvals ratio3 (yearly funds disbursement versus yearly approved project amounts) has steadily increased over the years, to reach an unprecedented 125 percent last year.