Global Risk Financing Facility (GRiF) is helping to boost resilience at all levels of the economy: at the macro-level to build better buffers; at the mid-level to get firms back into action quickly; and at the micro-level to protect households, assets, and livelihoods.
This report focuses on how GRiF works and what it funds, drawing on country examples to illustrate how the facility’s principles lead to action—and ultimately impact. It also shows how GRiF is expanding the application of risk financing solutions to new sectors, contexts, and hazards, including to compound risks that will occur in the wake of the global COVID-19 pandemic. It also showcases how grants from the program are developing innovative analytics and other public goods that underlie the design of financial solutions. Finally, it offers a summary of GRiF’s participation in the global risk financing ecosystem through learning and sharing of new knowledge with partners and the public.