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The World Bank has confirmed that Jamaica will receive a full $150 million payout from its catastrophe bond, which is the maximum possible, after Hurricane Melissa met the pre-agreed trigger conditions. Leanna Byrne hears from Jorge Familiar, the World Bank’s vice-president and treasurer.
By BBC World Service4.3
251251 ratings
The World Bank has confirmed that Jamaica will receive a full $150 million payout from its catastrophe bond, which is the maximum possible, after Hurricane Melissa met the pre-agreed trigger conditions. Leanna Byrne hears from Jorge Familiar, the World Bank’s vice-president and treasurer.

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