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The World Bank Group has made the case for capitalizing on preventive actions that directly address the root causes of crises to circumvent the worst outcomes.In September 2016, the WBG revised its crisis-related funding apparatuses, coming up with the "Global Crisis Response Platform" to improve the its crisis management capacity in a progressively complex global risk setting by adopting a more preventive approach.The call for more cooperative and comprehensive efforts to mitigate complex risks and focus on prevention and preparedness emerged in 2016's World Humanitarian Summit. Until today many global attitudes have been dealing with crises in a response-driven approach.A prevention and preparedness approach is the central value of the GCRP.The GCRP is meant to play a major role in transforming the WBG's work into prevention efforts, by addressing risks and drives with a deep understanding of crisis dynamics.The paper details four foundational pillars that will promote the WBG's processes in crisis risk management: risk analysis, strategic programming, building partnerships and securing financing. It also recognizes the strong role the bank would play in crisis prevention and preparedness, promoting collaborations, building capacities, adapting existing tools and developing new ones to address emerging challenges.
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