WBG Catastrophe Bonds
WBG Catastrophe Bonds
Risk-linked security instrument designed to mobilize money in case of a catastrophe such as a hurricane or earthquake. If the bond issuer suffers a loss from a particular pre-defined catastrophe, such as a hurricane or earthquake, their obligation to pay interest and/or repay the principal is either deferred or completely forgiven.
Provided by
Coverage
Hurricane / Earthquake/ Other
Instrument type
Bond
Eligibility
IBRD countries
Intended for disaster response
Yes
Available to
Antigua and Barbuda, Belize, Botswana, Fiji, India, Jamaica, Kingdom of eSwatini, Malaysia, Mauritius, Namibia, Nauru, Seychelles, South Africa, Sri Lanka, St Kitts and Nevis, and Trinidad and Tobago