Contingent disaster financing

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ADB provides catastrophe triggered financing for Pacific islands

The Asian Development Bank (ADB) has approved $24 million of catastrophe triggered contingent disaster financing for Pacific islands the Federated States of Micronesia (FSM), the Marshall Islands, Solomon Islands, and Tonga.As a second phase of the Pacific Disaster Resilience Program, financing is designed to help strengthen and boost disaster resilience read the full article →

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 →