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 Dec 2014, WB
All houses being constructed through the program are climate-resilient and can withstand wind speeds to up to 70 meters per second. Retrofitting and repairing will also take place to strengthen houses for up to 1,000 eligible families. Community facilities will be reconstructed and strengthened...
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