Sri Lanka
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 →
IFC, SANASA in weather index insurance pilot for Sri Lankan farmers
The IFC (International Finance Corporation), part of the World Bank Group, has partnered with micro-insurance company SANASA Insurance to pilot affordable, index-based weather insurance products to farmers in Sri Lanka to help minimise the impact of crop losses due to flooding or drought. It's another example of index-based insurance products read the full article →
