World : Nepal Explores Catastrophe Bond After Devastating Floods
KATHMANDU, Oct 15 (Bernama-Xinhua) -- Nepal and the International Bank for Reconstruction and Development (IBRD), the World Bank Group’s lending arm, have signed an agreement to explore a catastrophe bond that would provide the country with rapid access to funds in the event of a major earthquake, the global development financier said on Thursday, reported Xinhua.
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