famine cat bond

A new report shows that weather related disasters were the primary driver of displaced people in 2020, with almost three-quarters of people internally displaced affected by weather, with storms and flooding the primary peril drivers of this.

The World Bank continues to explore ways it can expand the range of risks and perils that its member countries can hedge using risk transfer structures including catastrophe bonds.

A new partnership aims to put the powers of technology, big data and financing together to help prevent future famines, by bringing together science and technology to create forecast based financing models that can distribute capital when it is needed, in advance of famine breaking out.