Government explores parametric insurance and catastrophe bond mechanism to mitigate seismic fiscal shocks.
Nepal and World Bank Advance Earthquake Catastrophe Bond Framework
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Ministry of Finance / World Bank
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Exam Capsule: Key Facts
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- Aims to shift from post-disaster borrowing to pre-arranged contingent financing
- Structured around parametric payout triggers based on earthquake magnitude and depth
- Technical assistance provided by the World Bank's Capital Markets and Treasury teams
Collection:
२०८३ (2083 BS)
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What distinguishes a 'parametric catastrophe bond' from traditional indemnity insurance?
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