(The Gist of PIB) Global Facility for Disaster Reduction and Recovery (GFDRR) [MAY-2019]

(The Gist of PIB) Global Facility for Disaster Reduction and Recovery (GFDRR) [MAY-2019]

Global Facility for Disaster Reduction and Recovery (GFDRR)

• India has been unanimously chosen as co-chair of the Consultative Group (CG) of Global Facility for Disaster Reduction and Recovery (GFDRR) for the fiscal year 2020.
• The decision was taken during the meeting of GFDRR held in Geneva, Switzerland yesterday on the margins of the 6th Session of the Global Platform for Disaster Risk Reduction.

Key highlights

• GFDRR is a global partnership that helps developing countries better understand and reduce their vulnerability to natural hazards and climate change.
• It is a grant-funding mechanism, managed by the World Bank, that supports disaster risk management projects worldwide.
• According to an official release, India became a member of CG of GFDRR in 2015 and expressed its interest to co-chair during the last meeting of the group held in October 2018. India’s candidature was backed by its consistent progress in disaster risk reduction in the country and its initiative to form a coalition on disaster resilient infrastructure.
• This will give the country an opportunity to work with the member countries and organizations with a focused contribution towards advancing the disaster risk reduction agenda during the course of the year.

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Courtesy: PIB