June 22, 2023 – The World Bank Group today announced a suite of new and expanded actions to help countries respond quickly and effectively to an ever-growing onslaught of crises.
At the Summit for a New Global Financial Pact, Ajay Banga announced an expanded toolkit for crisis preparedness, response, and recovery that includes:
(1) Pausing debt repayments.
(2) Redirecting financing.
(3) Linking crisis preparedness and financing.
(4); Backstopping development projects with private sector support.
(5) Building enhanced catastrophe insurance without debt.
The World Bank Group aims to create a world free of poverty on a livable planet. We work to make people better prepared for threats of any kind by sharing our expertise, building resilience, and insuring against risks.
safety steps 
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