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Catastrophe bonds: Financial innovations insuring against severe climate events (or high-loss level events)
This article was originally drafted by Fernando Prada and the FORO Nacional Internacional as part of the Rockefeller Foundation’s Searchlight Process. For more Searchlight content on futurechallenges.org, please click here. The vulnerability to natural disasters of communities in Latin America and the Caribbean is increasing, yet governments are prioritizing responses to disasters rather than prevention. Catastrophe bonds, […]
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Problems of the mining industry in Peru
One old saying well know by Peruvians is: “Peru is a beggar sitting on a golden bench”. Even though its interpretation can be controversial, in some ways it represents an idea that is well accepted by much of the population: that the country is poor because it does not […]