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COMMENTARY

Innovative funding for catastrophes builds resilience

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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.

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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