Jamaica🇯🇲 receives a 100% payout of $150M after the devastating impact of Hurricane Melissa, triggering World Bank’s 𝐂𝐚𝐭𝐚𝐬𝐭𝐫𝐨𝐩𝐡𝐞 (𝐂𝐚𝐭) 𝐁𝐨𝐧𝐝. But what’s a Cat Bond? It is part of a comprehensive disaster risk financing strategy. Learn more: worldbank.org/news [LINK IN BIO] #disasterrecovery #disasterresponse #disastermanagement #disasterriskreduction #hurricanemelissa