World Bank Approves US$500 Million to Strengthen Mexico's Resilience to Disasters and Climate Change

https://www.worldbank.org/en/news/press-release/2026/10/21/world-bank-approves-us-500-million-to-strengthen-mexico-resilience-to-disasters World Bank Approves US$500 Million to Strengthen Mexico's Resilience to Disasters and Climate Change This is the first time Mexico has a Catastrophe Deferred Drawdown Option (Cat DDO). Washington, D.C., October 21, 2026. The World Bank has approved US$500 million in financing to help Mexico better prepare for and respond more quickly to natural disasters, the effects of climate change, and public health emergencies. This is the first time the country has accessed a Catastrophe Deferred Drawdown Option (Cat DDO), an instrument that gives the Government quick access to resources when an emergency occurs.