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Jamaicans should be informed about payout from Catastrophe Bond over next few weeks – Dr. Morris Dixon
The Cat Bond was triggered after Hurricane Melissa wreaked havoc on the island at Category 5 strength this week.
The bond, which was settled by the International Bank for Reconstruction and Development (IBRD) in May last year, has a potential payout of US$150 million.
The post Jamaicans should be informed about payout from Catastrophe Bond over next few weeks – Dr. Morris Dixon appeared first on IRIE FM.
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By The Cat Bond was triggered after Hurricane Melissa wreaked havoc on the island at Category 5 strength this week.
The bond, which was settled by the International Bank for Reconstruction and Development (IBRD) in May last year, has a potential payout of US$150 million.
The post Jamaicans should be informed about payout from Catastrophe Bond over next few weeks – Dr. Morris Dixon appeared first on IRIE FM.