Mexico, Oct. 21 -- 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.Mexico is one of the countries most exposed to hurricanes, floods, droughts, and earthquakes. A significant share of its territory and population is exposed to these risks. The country has a strong civil protection and emergency response system, and this support seeks to reinforce public policies that increase prevention and help reduce dama...