Disaster Risk Management

(See also Products and Services.) Disasters hurt the poor and vulnerable the most. Low-income countries account for more than 70 percent of the world's disaster "hotspots." The economic impact can be devastating for developing countries. Analysis carried out for Natural Hazards, UnNatural Disasters, a report funded by the World Bank and Global Facility for Disaster Reduction and Recovery (GFDRR), shows that disasters' impact on gross domestic product (GDP) is 20 times higher in developing countries than in industrialized nations.

The Bank has emerged as the global leader in disaster risk management (DRM), supporting client countries in assessing exposure to hazards and addressing disaster risks. It provides technical and financial support for risk assessments, risk reduction, preparedness, financial protection, and resilient recovery and reconstruction. The Bank's DRM portfolio has grown about 20 percent annually for the past four years to nearly $4 billion in fiscal 2013. In providing support for DRM, the World

Bank promotes a comprehensive, multidimensional approach to managing disaster risk.

The GFDRR, a growing partnership of 41 countries and 8 international organizations, is the World Bank's institutional mechanism for DRM. A World Bank-GFDRR DRM Hub in Tokyo was established in February 2014 under a new $100 million DRM program supported by Japan. The Hub will help to match relevant expertise with World Bank DRM operations and clients.

Disclosure Policies

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Dispute Resolution and Prevention

(See also Products and Services.) The Dispute Resolution and Prevention (DRP) team at the World Bank assists task teams in predicting, preventing, and resolving potential disputes on Bank-supported projects. The office offers staff advice, training, research, tools, and access to regional dispute resolution professionals. By connecting task teams to the resources and expertise they need, DRP helps manage risk, strengthen relationships, and deliver results.

From the smallest informal complaint to outright conflict, the DRP team helps World Bank staff members manage disputes on their projects. While formal mechanisms such as the World Bank's Inspection Panel and local or national courts are always ready to deal with conflict, faster and more cost-effective dispute resolution can often be achieved through feedback, dialogue, facilitation, and mediation.

Further resources—such as publications, frequently asked questions, and a report on mechanisms for redressing grievances in World Bank projects—are available on the Dispute Resolution and Prevention website.

go.worldbank.org/GN2MUUF750

 
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