ProGov21 Policy Library

Many cities across the United States are home to legacy infrastructure systems. These older water, transportation, and communications systems are not only poorly suited to current needs, but they are also nearing the end of their usable lives after decades of underinvestment and deferred...

Often the most cost-effective solutions to disaster risk are the ones available to communities prior to a disaster to protect against a loss occurring in the first place. Yet cities around the world are struggling to fund even basic infrastructure projects, let alone more complex...

Governments are typically “insurers of last resort.” When disaster strikes, vulnerable communities turn to government agencies for support and recovery assistance. More recently, as the frequency and severity of different types of disasters have grown, the gap between insured losses...

This paper offers a new approach for systematically linking catastrophe bonds and conventional project finance to support large-scale resilience projects. The following sections describe the RE.bound Program framework for catastrophe modeling, bond structuring, and bond sponsorship;...

Cities and communities around the world are struggling to finance and replace aging, failing, or inadequate infrastructure systems. This report offers a new framework for bridging the gap between the growing consensus that it is necessary to build resilient infrastructure and the...