Jamaica’s solo cat bond to cover cyclones or earthquakes

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Jamaica’s solo cat bond to cover cyclones or earthquakes

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Location Jamaica. Green pin on the map. | Mark Rubens/Zerophoto - stock.adobe.com

Jamaica has gone beyond an existing programme with other countries in its region in order to beef up its defences against natural disasters by deciding to work with the World Bank to prepare a catastrophe bond. The deal may also have ramifications for the sustainability of its debt.

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