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World Bank funds Mozambique for risk transfer after Cyclone Idai

Mozambique has been hit by one of the worst natural disasters to ever strike the country, after cyclone Idai barreled into its coastline and drenched the region, resulting in hundreds of deaths and significant devastation.The number of deaths caused in Mozambique alone by cyclone Idai has now reached over 400 read the full article →

Sovereign cat bonds can help governments borrow, improve welfare

For sovereign governments, having a source of disaster risk financing and insurance provided by catastrophe bonds can help the government to borrow more on the capital markets, improve its standing with debtors and ultimately provide welfare gains to the population, according to a study.The study authored by Eduardo Cavallo, a read the full article →