- Posted under:
- News
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’.
- Date:
- 04/11/2009
- Source:
- Business Standard (New Delhi)
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