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Asian Development Bank offers disaster risk financing

Posted On: Aug. 19, 2019 6:48 AM CST

Philippines-based Asian Development Bank is offering a new contingent natural disaster risk-financing program to member countries for providing quick payments following significant catastrophes, Artemis.bm reports. The contingent disaster financing program will provide payouts for disasters such as typhoons, floods, earthquakes, droughts, and tsunamis.

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