ROME, 16 December – Italy’s Ministry for Foreign Affairs and International Cooperation has approved the deployment of a contribution in the amount of €2 million to the Global Facility for Disaster Reduction, a global partnership that helps developing countries better understand and reduce their vulnerabilities to natural hazards and adapt to climate change.
Italy has been contributing to this tool since 2007, supporting its mission to provide grant financing, technical assistance, training and knowledge sharing activities to mainstream disaster and climate risk management in policies and strategies.
The country is also a member of the Consultative Group (CG), alongside the United Nations Office for Disaster Risk Reduction, the United Nations Development Programme, and the International Federation of Red Cross and Red Crescent Societies.
The Consultative Group is GFDRR’s highest policy making, goal setting and governing body. It sets GFDRR’s long-term strategic objectives and oversees expected results. The CG consists of donors contributing at least US$3 million in cash cumulatively over three consecutive years; recipient or developing country governments contributing at least US$ 500,000 in cash cumulatively over three consecutive years.
Supported by 34 countries and 9 international organizations, the GFDRR is managed by the World Bank on behalf of the participating donors and other partners. (@annaaserafini)