Natural disasters are an important source of vulnerability in the Caribbean region. Despite being one of the more disaster-prone areas of the world, it has the lowest levels of insurance coverage. This paper examines the vulnerability of Belizes public finance to the occurrence of hurricanes and...

This paper uses a dynamic optimization model to estimate the welfare gains that a small open economy can derive from insuring against natural disasters with catastrophe (CAT) bonds. We calibrate the model by reference to the risk of earthquakes, floods and storms in developing countries. We find...

The template presented in this note is concerned with the evaluation of the sustainability of total government debt, regardless of whether the creditor is a domestic or foreign resident, a public or private entity or the jurisdiction where the debt was issued (in the case of bonded debt). The...