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Catastrophe bonds: Financial innovations insuring against severe climate events (or high-loss level events)
Written by Searchlight Process
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, […]
