Catastrophe bonds and parametric insurance have both been highlighted by the President of the Caribbean Development Bank (CDB) in a speech laying out priorities for 2022 and a plan for marshalling financing to support regional economies.
The Caribbean Development Bank (CDB) is designing a “financing ecosystem” through which it aims to support the regions economies and distinguish between three key financing stages, Rescue, Recovery and Repositioning.
The goal is to support its Borrowing Member Countries’ (BMCs) immediate economic needs and also propel their long-term growth and development, while transitioning to sustainability.
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