DRFF in the News
May 03
2022
A catastrophe (cat) bond sponsored by Jamaica and issued by the International Bank for Reconstruction and Development ( IBRD CAR 130 ) was announced as the winner of the “ Closing the Protection Gap Initiative of the Year ” award at the Trading Risk awards ceremony in London on April 28 th , 2022. This innovative cat bond transaction leverages the World Bank’s unique Capital at Risk (CAR) note program for the benefit of Jamaica. The cat bond issued in July 2021 provides Jamaica with $185... Keep reading
May 02
2022
The World Bank's Crisis & Disaster Risk Finance team is looking for a Senior Financial Sector Specialist to design and implement climate-resilient financial solutions, and assess climate (physical) risks in the financial system. The job position will be based in Washington DC, United States. If you are interested, please follow the steps below to view the complete job description and apply! The application deadline is 5/31/2022. Please feel free to circulate this job post to your networks... Keep reading
Apr 26
2022
On April 25th, Crisis and Disaster Risk Finance (CDRF) team hosted a virtual workshop on Disaster Risk Finance at Georgetown University. Benedikt Signer (Program Coordinator, World Bank), Kaavya Krishna (Senior Financial Sector Specialist, World Bank) and Peijing Li (Extended-Term Consultant, World Bank) supported the delivery. The 90-minute workshop introduced the basic concepts and core principles of disaster risk finance (DRF) and included a case study of the development and implementation... Keep reading