Ministers from the G20, or Group of Twenty recently came together in Johannesburg, South Africa to address major global challenges and ways to promote sustainability, with members underscoring the importance of investing in building sustainable resilience through the use of disaster risk reduction (DRR) tools such as catastrophe bonds and parametric insurance.
For those unaware, the G20 or Group of 20 is an intergovernmental forum comprised of 19 sovereign countries, the European Union (EU), and the African Union (AU).
It works to address major issues related to the global economy, such as international financial stability, climate change mitigation and sustainable development, through a series of annual meetings of heads of state and heads of government.
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