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867047
star this property registered interest false more like this
star this property date less than 2018-03-19more like thismore than 2018-03-19
star this property answering body
Department for International Development more like this
star this property answering dept id 20 more like this
unstar this property answering dept short name International Development more like this
star this property answering dept sort name International Development more like this
star this property hansard heading Developing Countries: Financial Services remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for International Development, what discussions she has had with (a) the UK financial services sector and (b) multilateral financial institutions on the (i) development and (ii) issue of catastrophe bonds as a tool for mitigating catastrophic risk for developing countries. more like this
star this property tabling member constituency Stafford more like this
star this property tabling member printed
Jeremy Lefroy more like this
star this property uin 133165 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2018-03-26more like thismore than 2018-03-26
star this property answer text <p>DFID has had strong engagement with the UK financial services sector on the disaster risk financing agenda, for example through the Insurance Development Forum (IDF). The Centre for Global Disaster Protection, recently set up by DFID, has run an Innovation Lab in partnership with the UK financial services sector, which explored the use of innovative risk transfer instruments, including catastrophe bonds, to support building back disaster affected infrastructure to be more resilient.</p><p> </p><p>DFID works closely in partnership with the World Bank on the disaster risk financing agenda – and the World Bank has worked with catastrophe bonds in Mexico, and underpinned the new Pandemic Emergency Financing Facility with a bond. Catastrophe bonds serve as one of a suite of financial tools the World Bank offers to support developing countries mitigate catastrophic risk from disasters.</p> more like this
star this property answering member constituency North East Bedfordshire more like this
star this property answering member printed Alistair Burt more like this
star this property question first answered
less than 2018-03-26T16:34:11.863Zmore like thismore than 2018-03-26T16:34:11.863Z
star this property answering member
1201
star this property label Biography information for Alistair Burt more like this
star this property tabling member
4109
star this property label Biography information for Jeremy Lefroy remove filter