This brief talks about the catastrophe bond market which came into being in the early nineties. In response to requests from its member countries, the World Bank has developed a menu of innovative financial solutions to deal with the consequences of unpredictable catastrophes. Among these solutions, catastrophe bonds issued under the World Bank’s MultiCat Program present uniquely attractive opportunities for countries looking to broaden their access...
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INFORMATION
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2011/01/01
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120186
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2017/10/03
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Disclosed
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The World Bank’s MultiCat program : using catastrophe bonds to insure against natural disaster risks
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cat bond
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