Reuters · October 15, 2026

Nepal and World Bank Sign Mandate Agreement to Explore an Earthquake Catastrophe Bond

• Nepal and the World Bank signed a mandate agreement to explore the development of a catastrophe bond that could help Nepal access funding quickly in case of a major earthquake, the World Bank said on Thursday.
• Under the agreement, the World Bank Group Treasury will work with the Government of Nepal and market participants to assess the feasibility and potential structure of such a transaction, the World Bank said in a statement cited in the report.

Agreement and Treasury role via the World Bank statement, cited in the original report. This card is based on the accessible portion only. Original headline: "Nepal, World Bank sign mandate to explore earthquake catastrophe bond".