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Saturday, March 18, 2023

Chile inks US$630 million earthquake insurance deal with World Bank

 

Chile has agreed to an earthquake insurance program with the World Bank protecting it from US$630 million worth of damage from strong earthquakes, in an effort to shore up risks to public debt from possible natural disasters. The insurance will cost 4.75per cent of the total value of the insurance each year, the finance ministry said in a statement.

https://www.todayonline.com/world/chile-inks-us630-million-earthquake-insurance-deal-world-bank-2132381

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