The World Bank is trying to rush financial assistance to the people of Vanuatu in the face of devastation caused by Cyclone Pam.
The global financial institution said it was looking at every possible avenue and working with partners to send support.
Given the intensity of the event and reports of severe damage, it is exploring a rapid insurance payout to the government of Vanuatu under the Pacific Disaster Risk Financing Insurance Program.
"Vanuatu is ranked as one of the world's most at-risk countries to natural disasters because of its vulnerability and exposure to cyclones," World Bank Group president Jim Yong Kim said in a statement on Sunday.
"Cyclone Pam is a devastating reminder of the risks of disasters, and we will be working closely with the government to provide any necessary support."
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