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<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>
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