
Heike Reichelt, World Bank Treasury, on the Power of Capital Markets and Multilateral Impact
A Sustainable Future
Catastrophe Bonds - A Great Insurance Alternative
The world bank is increasingly issuing climate, extreme weather related and pendemic related catastrophe bonds. Two recent issues include a hundred 85 million dollar bond to provide jamaica financial protection against losses from named storms for three atlantic ca cyclone seasons. There's another one, a 485 million dollar bond that will provide mexico protection against earthquakes and name storms for four years. Countries can use cat bonds as part of their disaster risk management strategies.
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