MIGA News
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World Bank Eyes First ‘Drought’ Bond in Next 12-18 Months
Jul 18 2024 // The World Bank is looking to issue its first drought bond in the next 12-18-months and broaden its offering of catastrophe bonds supporting countries suffering devastation from storms and earthquakes, a senior executive at...
South Africa Advised by World Bank on Climate Insurance, Contingency Fund Options
Apr 25 2024 // The World Bank is advising South Africa’s National Treasury on a climate risk strategy after floods in recent years caused billions of dollars of damage. The country may take out climate insurance or establish a...
Colombia, Peru Eye World Bank Catastrophe Bonds on Renewed Investor Interest
Mar 29 2023 // Colombia and Peru are considering returning to a World Bank program that issues bonds to cover claims on natural disasters after the plan faced a nearly two-year lull. The countries are among those looking to take...
Chile Completes $630M Earthquake Insurance Deal With World Bank
Mar 20 2023 // Chile has agreed to an earthquake insurance program with the World Bank protecting it from $630 million worth of damage from strong earthquakes, in an effort to shore up risks to public debt from possible natural...
Chile Finalizes Major Earthquake Insurance With World Bank
Feb 24 2023 // Chile is finalizing a deal with the World Bank for insurance against high-intensity earthquakes that would impact the country’s fiscal policy and public debt, the Finance Ministry said on Thursday. “The...
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