The Asian Development Bank (ADB) has approved plans to issue a pilot parametric catastrophe bond for Kyrgyz Republic and Tajikistan
ADB approves plan to issue first cat bond | | | ADB approves plan to issue catastrophe bond for Kyrgyz Republic and Tajikistan  The Asian Development Bank (ADB) has approved plans to issue a pilot parametric catastrophe bond for Kyrgyz Republic and Tajikistan which could be as much as $100 million in size, protecting both countries against earthquake and flood risks. This initiative accompanies ADB's approval of a $56.4 million program aimed at strengthening both countries' capacity to respond to natural disaster events. The program combines Contingent Disaster Financing (CDF), which provides budgetary support in the event of medium-severity natural hazards and health emergencies, with a parametric catastrophe bond that will be issued by the ADB, which the organisation is calling a Disaster Relief Bond (DRB). Read the full story. Other articles: | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
If you've been forwarded this but want to subscribe, visit Artemis.
| | | | | | You may be receiving this because you recently attended an industry event we partnered with, giving us permission to email you. If you don't want to receive our weekly ILS, catastrophe bond and reinsurance capital newsletter please Unsubscribe or Edit your subscription here .
© Steve Evans Ltd. - Artemis.bm
| | | |
No comments:
Post a Comment