In 2017, Pacific Island Countries (PICs) made a request to the World Bank to investigate the potential development of a rainfall product that would provide governments insurance against both excess rainfall and drought. PICs are exposed to significant damage and disruption from these perils, which is expected to increase with the impacts of climate change. Catastrophic rainfall and drought events represent a coverage gap within the financial protection...
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2018/10/10
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130709
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1
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1
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2018/10/11
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Disclosed
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Parametric Indices for Excess Rainfall and Drought Pacific Rapid-Respose Financing
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