The World Bank Capital-at-Risk Notes Program is a disaster risk transfer program.
The World Bank Capital at Risk Notes program facilitates risk transfer solutions using the capital markets. Under this program, the World Bank issues notes where some or all of the investors’ principal may be at risk, such as in catastrophe bonds (cat bonds) and pandemic bonds.
Capital at Risk Notes are issued under the World Bank’s Global Debt Issuance Facility.
Read our World Bank Capital-at-Risk Notes Program news and analysis on this page.
The World Bank has hailed the successful issuance of the first catastrophe bond notes through its newly created Capital-at-Risk Notes Program, which resulted in the World Bank – CCRIF 2014-1 cat bond we covered last week.
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