World Bank launches catastrophe bonds for emerging countries

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World Bank launches catastrophe bonds for emerging countries

TE Narasimhan / Chennai November 04, 2009, 0:25 IST

The bonds will help economies get cheaper insurance against natural disasters.

The World Bank has launched a ‘MultiCat Program’ that will allow governments and public entities in developing countries to buy insurance on affordable terms in the form of ‘catastrophe bonds’.

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04/11/2009
Business Standard (New Delhi)
Disaster Preparedness, Insurance, World Bank, Natural Disasters, People

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