World Bank offers lifeline to developing countries hit by catastrophes
Share Now on:
The World Bank has just issued $360 million in so-called “catastrophe bonds” in collaboration with Mexico. Global investors snapped up the bonds — the first issued directly by the World Bank — which will help Mexico cover emergency relief costs in the event of a major hurricane or earthquake, should one hit.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.