The United Nations Development Programme has launched an initiative to help governments and the private sector in developing countries provide insurance for crises such as pandemics and natural catastrophes, it said on Monday. Disaster recovery costs the world’s 77 poorest …
An announcement from African Risk Capacity (ARC) notes that “G7 leaders have singled out Africa’s first parametric catastrophe insurance pool, as a model upon which to develop catastrophe insurance solutions in vulnerable regions. “During the 41st G7 summit in June, …
The world is “woefully unprepared” for the threat to food security from drought and flooding brought on by a warming climate, the development charity Oxfam said. In addition to extreme weather patterns, more marginal shifts such as small increases in …
Crime, corruption and tax evasion have cost the developing world nearly $6 trillion over the past decade, and illicit funds keep growing, led by China, a financial watchdog group said in a new report. China accounted for almost half of …
EU finance ministers on Tuesday signed off on more than €4 billion ($5.5 billion) in short-term funding to help developing countries adapt to climate change and curb emissions — even as they met to grapple with Europe’s debt crisis. Draft …
