ADB issues inaugural disaster relief bonds for Kyrgyzstan and Tajikistan
The Asian Development Bank (ADB) issued its first Disaster Relief Bond (DRB) offerings, also known as catastrophe bonds, as part of its regional Risk-Layered Disaster Relief Finance Program which aims to reduce the financial impact of natural hazards and climate-related shocks. The bonds are designed to protect against severe disasters and provide quick liquidity to Kyrgyzstan and