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World Bank, Pacific Alliance mull issuing second cat bond

Posted On: Jul. 12, 2019 6:14 AM CST

The World Bank Group and the Pacific Alliance trading bloc are considering issuing a second catastrophe bond to cover extreme weather events in Latin America, LatinFinance reported. The alliance's members – Chile, Colombia, Mexico and Peru – are jointly evaluating financial mechanisms to cover hydro-meteorological events.

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