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Jul 24 2026 // The twin earthquakes that hit Venezuela last month may have caused $19.6 billion in physical damage to buildings and infrastructure, or about 18% of gross domestic product, according to a preliminary assessment by the...
May 19 2026 // The World Bank has priced a new catastrophe bond designed to help Jamaica cope with the threat of hurricanes.The $200 million bond was oversubscribed by investors, the World Bank said in a statement. The deal comes less...
Nov 7 2025 // Investors in Jamaica’s catastrophe bond now face a 100% payout after Hurricane Melissa set off a full trigger event, according to the World Bank.Jamaica’s $150 million cat bond, which was arranged by the World...
Jul 18 2024 // The World Bank is looking to issue its first drought bond in the next 12-18-months and broaden its offering of catastrophe bonds supporting countries suffering devastation from storms and earthquakes, a senior executive at...
Apr 25 2024 // The World Bank is advising South Africa’s National Treasury on a climate risk strategy after floods in recent years caused billions of dollars of damage.The country may take out climate insurance or establish a...
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