A new $400m program to boost Morocco’s resilience against climate, disaster, and cyber risks, has cat bonds in scope
World Bank cat bond in scope for Morocco
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World Bank cat bond on the table in new $400m Morocco Climate & Risk Finance Program
 The Board of the World Bank has approved a new $400 million program that aims to boost Morocco’s resilience against climate, disaster, and cyber risks, with catastrophe bonds and other forms of insurance risk transfer including parametric triggers mooted as part of the program outcomes.
In scope under the program, is building-up capacity and increasing value for money associated with Morocco’s Solidarity Fund against Catastrophic Events. This is expected to be achieved “through diversified pre-arranged risk transfer such as reinsurance and potential catastrophe bonds,” the World Bank explained.
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