The World Bank has said that it expects to mobilise a broad package of financial support to aid Jamaica's recovery from major hurricane Melissa
World Bank: Jamaica cat bond payout "likely" | | | World Bank says Jamaica catastrophe bond payout "likely" for hurricane Melissa  The World Bank has said that it expects to mobilise a broad package of financial support to aid Jamaica's recovery from major hurricane Melissa and the development organisation has now stated that a payout of the country's catastrophe bond is deemed likely. This is notable, as the World Bank facilitated and supported the issuance of Jamaica's $150 million IBRD CAR Jamaica 2024 parametric catastrophe bond. With the IBRD CAR Jamaica 2024 catastrophe bond, the World Bank helped the Caribbean island nation through the planning, design and development of the catastrophe bond and its trigger, assisted in building the necessary investor relationships to get the deal off the ground, as well as providing services through its issuance. Read the full story. Other articles: | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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