Following a recent earthquake in Panamá, the government is set to receive $17.4 million from a regional catastrophe risk insurance policy. The funds are derived from a parametric insurance contract secured by Panamá’s Savings Fund. This type of insurance allows for rapid access to liquidity in the event of natural disasters. The payout will provide swift financial assistance in response to the earthquake's impacts. This insurance mechanism demonstrates Panamá’s proactive approach to disaster risk management. The quick release of funds is intended to aid immediate relief and recovery efforts throughout Panamá. The policy is designed to accelerate assistance following significant natural events.