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International

World Bank reduces pandemic cat bond target to $350 million

June 28, 2017 Reprints

The World Bank Group's Pandemic Emergency Financing Facility has reduced its targeted maximum size for a catastrophe bond issuance to $350 million from the earlier amount of $400 million, Artemis.bm reports. The cat bond will provide parametric risk transfer protection to help countries or regions affected by pandemics in their response and recovery.

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World Bank reduces pandemic cat bond target to $350 million

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