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.
25 Jun 2015, DDM, BVI
'As a Government, we cannot always provide all of the resources needed to manage and operate a disaster management programme. We must also look to forge partnerships with stakeholders in the private sector, locally, regionally and internationally. One way to solidify these partnerships is to enter into mutually beneficial agreements,' stated Governor John S. Duncan, OBE, Chair of the NDMC...
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