Today, scaling up investments in disaster risk management has become a central part of advancing global development. The World Bank is now the world’s largest source of financing, knowledge, and support for disaster risk management. Between 2010 and 2020, its investment in disaster risk reduction tripled, supported in part by the Global Facility for Disaster Reduction and Recovery (GFDRR). At present, the Bank channels around $7.5 billion each year into disaster risk management projects, which deliver a strong return on investment. By prioritizing disaster risk management, countries not only protect their people and economies but also lay the foundation for long-term development and shared prosperity.