BusinessPhoto: Deccan HeraldNepal and World Bank to Explore Earthquake Catastrophe Bond
Nepal and the World Bank have signed a mandate agreement to explore creating a catastrophe bond to provide rapid funding in the event of a major earthquake. The World Bank Group Treasury will collaborate with the Nepalese government and market participants to assess the feasibility and structure of this financial instrument, aiming to enhance disaster resilience in the Himalayan nation.
Deccan Herald·


