When it comes to the use of catastrophe bonds in disaster risk financing, so far we’re only “scratching the surface”, in terms of what can be done using the cat bond structure, according to Jorge Familiar, Vice President and Treasurer of the World Bank.
Jorge Familiar has worked at the World Bank for over 16 years, in a variety of financial related roles, becoming Vice President and Treasurer, as well as Pension Finance Administrator of the World Bank Group, at the beginning of 2022.
As the executive in charge of the World Bank’s capital markets operations and bond issuances, including those issued by IBRD and IDA, Familiar is a key figure in the hierarchy of the organisation when it comes to catastrophe bonds, ultimately sitting at the top of the group that arranges and facilitates World Bank cat bond deals.
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