Innovative funding for catastrophes builds resilience

Wed, Oct 11, 2017 - 5:50 AM

The Hurricane Irma-damaged Old San Juan in San Juan, Puerto Rico, on Oct 9. Funds can make a huge difference in the critical first weeks.

PHOTO: REUTERS

ESTIMATES of the collective damage caused by Hurricanes Harvey, Irma and Maria are staggering. Together, Harvey and Irma could cost the US government US$200 billion. Maria's costs could add up to US$45-$95 billion for Puerto Rico, the US territory that has been in recession for over a decade and...

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