Asian Development Bank (ADB) News

Credit Guarantee & Investment Facility Signs Inaugural Treaty Led by Munich Re

The Credit Guarantee and Investment Facility (CGIF)* announced it has executed its inaugural reinsurance treaty, with a panel of market leading private reinsurers, led by the specialist credit reinsurance team of Munich Re. This treaty, which incepted on Oct. 1, …

ADB, OECD Call for Governments, Insurers to Address Disaster Relief

Representatives from the Asian Development Bank (ADB) and the Organization for Economic Cooperation and Development’s (OECD) Global Seminar on Disaster Risk Financing fostered an in-depth debate on the development of effective approaches to the financial management of disaster risks, in …

Rescue Teams Battle to Reach Outer Vanuatu Islands Devastated by Cyclone

Residents of the main town in the southern Vanuatu island of Tanna appear to have come through the worst of the cyclone that tore through the South Pacific nation with widespread devastation but not the heavy death toll initially feared. …