Catastrophe Deferred Drawdown Option

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Asian Development Bank launches contingent disaster risk financing solution

The Asian Development Bank (ADB) has launched a new contingent natural disaster risk financing solution which it has named contingent disaster financing (CDF), as it seeks to deliver rapid paying risk capacity for its members after they experience significant natural catastrophe events.Contingent disaster financing (CDF) is a mechanism by which read the full article →

Philippines gets $500m for typhoon Mangkhut from World Bank CAT DDO 2

The Philippines is to benefit from a payout of almost $500 million to assist with its recovery from recent typhoon Mangkhut, as the countries catastrophe contingent line of credit provided by the World Bank has been triggered.The Philippines entered into a $500 million arrangement with the World Bank to support read the full article →

Romania seeks World Bank Catastrophe Deferred Drawdown Option (Cat DDO)

A project is now underway that may see the country of Romania as the next in line to benefit from a Catastrophe Deferred Drawdown Option (Cat DDO) instrument from the World Bank, as the government of the country seeks to enhance its disaster risk financing support.The Catastrophe Deferred Drawdown Option read the full article →

Kenya in line for World Bank Catastrophe Deferred Drawdown Option

The African nation of Kenya is the next country in line to benefit from a Catastrophe Deferred Drawdown Option (Cat DDO) from the World Bank, with a project underway to deliver a $200 million disaster risk financing arrangement including a catastrophe contingent line of credit, alongside development financing.The Catastrophe Deferred read the full article →

Dominican Republic gets $150m World Bank catastrophe contingent credit

The Dominican Republic has secured the first catastrophe contingent line of credit in the Caribbean, with a $150 million Catastrophe Deferred Drawdown Option (Cat DDO) supported by the World Bank, that provides immediate financing in the event of natural disasters or public health emergencies.The World Bank explains that this is read the full article →

ADB examines disaster risk financing options for the Philippines

The Philippines has long been the focus of disaster risk financing and insurance discussions, given its exposure to typhoons, earthquakes, fires, rainfall, floods and drought, and now the Asian Development Bank (ADB) is examining options for disaster insurance facilities.The World Bank has been discussing catastrophe bonds in the Philippines for read the full article →

Philippines gets $500m World Bank catastrophe contingent credit line

The Philippines has secured a new catastrophe contingent line of credit, to support its management of the risks posed by natural disasters, with a $500 million Second Disaster Risk Management Development Policy Loan with a Catastrophe-Deferred Drawdown Option (CAT-DDO 2).The World Bank said that the catastrophe contingent CAT-DDO 2, which read the full article →

Sri Lanka signs up to World Bank Catastrophe Deferred Drawdown Option

Sri Lanka has become the first South Asian country to sign up for an innovative disaster risk financing facility with the World Bank, gaining access to a $102m Development Policy Loan with a Catastrophe Deferred Drawdown Option (DPL with a CAT DDO).The CAT DDO acts like disaster insurance or a read the full article →