The World Bank

What is the World Bank?

The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.

How do they help?

Funding and Financing: The World Bank often provides financial assistance and funding to countries and regions affected by floods.  Governments and communities can receive this support in the form of loans, grants, or other financial instruments to help them prepare for floods, lessen their effects, and rebuild their communities after flooding. Financial resources from the World Bank can play a critical role in aiding nations in managing and responding to flood incidents.

Technical Support and Expertise: The World Bank provides knowledge sharing and technical assistance in the areas of flood risk reduction and catastrophe resilience. It offers direction and support to nations in creating plans, regulations, and initiatives meant to lower the risk of flooding, strengthen early warning systems, and improve preparedness and response to disasters.