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Climate change is increasing natural disasters, raising India’s financial risk. Catastrophe bonds offer a crucial way to manage and transfer this risk effectively.
Example: Zenkyoren (Japan) has officially issued the world’s first earthquake catastrophe bond. |
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Global Adoption
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Pros:
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Cons:
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The World Bank’s Capital at Risk (CAR) Notes program
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To get PDF version, Please click on "Print PDF" button.
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