The Board of the World Bank has approved a new $400 million program that aims to boost Morocco’s resilience against climate, disaster, and cyber risks, with catastrophe bonds and other forms of insurance risk transfer including parametric triggers mooted as part of the program outcomes. While strengthening the country’s resilience against climate and natural disasters, as well as cyber events, the $400 million Morocco Climate & Risk Finance Program also looks to help unlock private capital to support climate infrastructure development. [...]