World Bank offers lifeline to developing countries hit by catastrophes

Mitchell Hartman Aug 7, 2017
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World Bank offers lifeline to developing countries hit by catastrophes

Mitchell Hartman Aug 7, 2017
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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. 

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