Extreme weather events are already taking a toll on Latin America’s largest economy, costing it $2.6 billion on average each year, according to the bank
The countries are among those looking to take advantage of renewed investor interest in the bank’s catastrophe or cat bonds, or debt offerings where investors risk steep losses in the event of a disaster
Latin America and the Caribbean is the region where a healthy diet is most expensive, at $3.89 per person per day in 2020, followed by Asia, according to the World Bank and Tufts University
Around 170 million people live below the poverty line in 18 Latin American countries, around 25% of the total, with inflation and low economic growth expected to swell the figures
