The Inter-American Development Bank (IDB) has announced plans to support Latin American and Caribbean nations in issuing catastrophe bonds and swaps, as part of a broader initiative aimed at strengthening financial resilience against natural disasters.
This comes as the IDB recently launched its Ready and Resilient Americas program, a regional effort designed to improve disaster preparedness and response while expanding access to financial protection mechanisms.
A key component of the initiative will focus on helping countries secure risk-transfer solutions, including cat bonds and catastrophe swaps, both of which can bring in insurance and reinsurance capital to cover disaster-related losses.
FULL ORIGINAL PUBLICATION HERE
