East Asia and Pacific

Philippines general DPL series with embedded cat risk transaction

The project development objective is to ascertain the viability of market-based sovereign catastrophe risk transfer instruments to reduce the financial vulnerability to natural disasters (earthquakes and tropical cyclones) of Republic of Marshall Islands, Independent State of Samoa, Kingdom of Tonga, and Republic of Vanuatu.  This will be achieved by providing additional finan ce to allow participating countries to join the third season of the Pacific catastrophe risk insurance pilot and purchase catastrophe risk coverage against earthquake and/or tropical cyclone events for the 20

Philippines Cat DDO with strong DRFI policy matrix

Programmatic Approach (PA) to increase the financial resilience of the country against natural disasters. Part of SECO program