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World Bank country review could see larger catastrophe bond envelope, Caribbean coverage

Duration: 11:09Views: 373Likes: 16Date Created: May, 2022

Channel: Jamaica Gleaner

Category: News & Politics

Tags: gleanernewsjamaicaentertainmentjamaica gleanerthe gleaner

Description: #JamaicaGleaner A one-year catastrophe bond, or cat bond, underwritten by the World Bank and which provides Jamaica with US$185 million in insurance coverage in the event of a natural disaster, comes up for review in December, and already the multilateral institution is saying it’s open to a roll-over of the facility with the possibility of increased coverage. For unlimited exclusive stories and value-added digital content, » Subscribe to Gleaner Premium: jamaica-gleaner.com/premium » Sign up for our newsletters to get local and world stories delivered straight to your inbox: cutt.ly/HzqfUA5 Connect with The Gleaner! » Like us on Facebook: Jamaica Gleaner » Tweet us on Twitter: JamaicaGleaner » Follow us on Instagram: instagram.com/jamaicagleaner The Gleaner is the Caribbean’s leading news source, bringing you credible news and information that matter. From the latest in current affairs, breaking stories, sports, entertainment and more; we deliver all the information you need in print, online and in your social media feeds. Continue to enjoy The Gleaner video stories here... Jamaica Gleaner @JamaicaGleaner

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