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How WFP uses finance to beat droughts: CAT Bonds
When disasters hit, funding delays cost lives. The Catastrophe Bond is changing that, by unlocking pre-arranged finance to respond faster to climate-driven emergencies like droughts.
Developed with support from the WFP Innovation Accelerator, this financial innovation transfers risk to capital markets, enabling private investors to help fund rapid humanitarian response.
Connect with the WFP Innovation Accelerator:
Find out more about us: http://innovation.wfp.org
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Read our Medium blogs: https://wfpinnovation.medium.com/
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