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UK - Foreign, Commonwealth Development Office (FCDO)

Global Risk Financing Programme [GRiF]

IATI Identifier: GB-GOV-1-300751

Description

To save lives and reduce the impacts of shocks, like droughts, hurricanes and floods through enabling earlier and more effective response and faster recovery. It provides finance to support governments and humanitarian agencies to use risk financing instruments, like insurance and contingent credit, to access more rapid finance in emergencies, and to strengthen preparedness of local systems for disaster response and recovery. It will focus on disasters, but will develop over time to cover a wider range of risks, including famine.


Location

The country, countries or regions that benefit from this Programme.
Africa, regional, Caribbean, regional, Developing countries, unspecified
Disclaimer: Country borders do not necessarily reflect the UK Government's official position.

Status Implementation

The current stage of the Programme, consistent with the International Aid Transparency Initiative's (IATI) classifications.

Actual Start 09 Aug 2019Progress by time64.97%Planned End31 Dec 2027

Programme Spend

Programme budget and spend to date, as per the amounts loaded in financial system(s), and for which procurement has been finalised.

Spend to date£137,954,230 (91.18%)Programme budget£151,300,000

Participating Organisation(s)

Help with participating organisations

Accountable:Organisation responsible for oversight of the activity

Extending: Organisation that manages the budget on behalf of the funding organisation.

Funding: Organisation which provides funds.

Implementing: Organisations implementing the activity.

Sectors

Sector groups as a percentage of total Programme budget according to the OECD Development Assistance Committee (DAC) classifications.

%01020304050607080901000Disaster prevention and preparednessFormal sector financial intermediariesResearch/scientific institutionsTechnological research and developmentFinancial policy and administrative management

Budget

A comparison across financial years of forecast budget and spend to date on the Programme.

FY19/20FY20/21FY21/22FY22/23FY23/24FY24/25FY25/26£0.0£5.0M£10M£15M£20M£25M£30M£35MFY19/20FY20/21FY21/22FY22/23FY23/24FY24/25FY25/26BudgetSpend

Policy Marker(s)

ODA measures in relation to their realisation of OECD development policy objectives

Gender Equality significant objective
Aid Targeting the Objectives of the Framework Convention on Climate Change - Adaptation principal objective

Download IATI Data for GB-GOV-1-300751