Financial mechanisms formulated to reduce vulnerability to disasters by employing structured instruments such as insurance policies and catastrophe bonds which spread risks in exchange for a premium.
17 Jul 2015, CDB
'This grant assistance is just part of our ongoing commitment to support the Government of Haiti in its efforts to better mitigate and manage the impacts of natural disasters. Caribbean Development Bank will remain a close development partner and help Haiti advance and emerge as a stronger, more resilient economy,' said Dr. Warren Smith, President of the CDB...
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