Live Breaking News & Updates on World Bank Disaster Protection Program

Stay updated with breaking news from World bank disaster protection program. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Jamaica using own funds to pay risk margin on World Bank catastrophe bond renewal

When Jamaica first ventured into the catastrophe bond market it was with the support of donor funding that paid the premiums for the 2021 issuance, but ....

United States , United Kingdom , Hong Kong , Nigel Clarke , Us Agency For International Development , World Bank Disaster Protection Program , World Bank , Jamaica World Bank , Fitch Ratings , International Development , Disaster Protection Program , Global Risk Financing Facility ,

World Bank Catastrophe Bond Provides Jamaica $185 Million in Storm Protection

Share
Washington – The World Bank (International Bank for Reconstruction and Development, or IBRD) priced a catastrophe bond that will provide the Government of Jamaica with financial protection of up to US $185 million against losses from named storms for three Atlantic tropical cyclone seasons ending in December 2023.
The government of Jamaica is the first government in the Caribbean region, and the first of any small island state, to independently sponsor a catastrophe bond, also known as a cat bond. Jamaica was one of the sixteen countries in the Caribbean Catastrophe Risk Insurance Facility that benefitted from IBRD’s first ever cat bond in 2014. ....

United States , United Kingdom , World Bank , District Of Columbia , Heike Henn , Jean Louis Monnier , Nigel Clarke , Wasif Ahmad , Paul Schultz , Jingdong Hua , Jason Fraser , Carlos Felipe Jaramillo , World Bank International , Insurance Program , German Federal Ministry For Economic Cooperation , Pension Fund , World Bank Catastrophe Bonds Investor Distribution , United States Agency For International Development , Sustainable Urban Development , Insuresilience Global Partnership , World Bank Disaster Risk Financing , Public Service , United States Agency Of International Development , World Bank Disaster Protection Program , International Bank , Caribbean Catastrophe Risk Insurance Facility ,

World Bank catastrophe bond provides Jamaica $185 million in storm protection - Jamaica

World Bank catastrophe bond provides Jamaica $185 million in storm protection - Jamaica
reliefweb.int - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reliefweb.int Daily Mail and Mail on Sunday newspapers.

United States , World Bank , District Of Columbia , United Kingdom , Heike Henn , Jean Louis Monnier , Nigel Clarke , Wasif Ahmad , Paul Schultz , Jingdong Hua , Jason Fraser , Carlos Felipe Jaramillo , World Bank International , Insurance Program , German Federal Ministry For Economic Cooperation , United States Agency For International Development , Sustainable Urban Development , Insuresilience Global Partnership , World Bank Disaster Risk Financing , Public Service , United States Agency Of International Development , World Bank Disaster Protection Program , International Bank , Caribbean Catastrophe Risk Insurance Facility , Vice President , Felipe Jaramillo ,

World Bank catastrophe bond provides Jamaica US$185 million in storm protection

Caribbean News Global
July 20, 2021
WASHINGTON, USA – The World Bank (International Bank for Reconstruction and Development, or IBRD) priced a catastrophe bond that will provide the government of Jamaica with financial protection of up to US $185 million against losses from named storms for three Atlantic tropical cyclone seasons ending in December 2023.
Jingdong Hua, vice president and treasurer, World Bank, said,
“We are pleased to be able to support this transaction and bring together so many different partners all committed to strengthening Jamaica’s resilience to tropical cyclones. We especially thank the capital market investors for their support and participating in this important mission.” ....

United States , World Bank , District Of Columbia , United Kingdom , Jingdong Hua , Nigel Clarke , Carlos Felipe Jaramillo , World Bank International , Insurance Program , United States Agency For International Development , World Bank Disaster Risk Financing , World Bank Disaster Protection Program , United States Agency Of International Development , International Bank , Caribbean Catastrophe Risk Insurance Facility , Felipe Jaramillo , Latin America , Disaster Risk Finance Strategy , Unites States , United States Agency , International Development , Disaster Protection Program , Global Risk Financing Facility , Global Facility , Disaster Reduction , Disaster Risk Financing ,

World Bank catastrophe bond provides Jamaica $185m in storm protection

+ activeFrame.title + ); $( .fotorama-caption ).addClass( add caption ); $( .fotorama-caption ).removeClass( remove caption ); } else { // alert( hide div ); $( .fotorama-caption ).addClass( remove caption ); $( .fotorama-caption ).removeClass( add caption ); } }) .fotorama(); World Bank catastrophe bond provides Jamaica $185m in storm protection Monday, July 19, 2021 WASHINGTON, United States The World Bank (International Bank for Reconstruction and Development, or IBRD) priced a catastrophe bond that will provide the Government of Jamaica with financial protection of up to US$185 million against losses from named storms for three Atlantic tropical cyclone seasons ending in December 2023. In a statement released on Monday, they shared that the government of Jamaica is the first government in the Caribbean region, and the first of any small ....

United States , World Bank , District Of Columbia , United Kingdom , Jingdong Hua , Nigel Clarke , Carlos Felipe Jaramillo , World Bank International , United States Agency For International Development , World Bank Disaster Risk Financing , Insurance Programme , World Bank Disaster Protection Program , Public Service , International Bank , Caribbean Catastrophe Risk Insurance Facility , Vice President , Latin America , Disaster Risk Financing , United States Agency , International Development , Disaster Protection Program , Global Risk Financing Facility , Global Facility , Disaster Reduction , ஒன்றுபட்டது மாநிலங்களில் , உலகம் வங்கி ,