Caribbean Development Bank (CDB) Haiti Catastrophe Insurance with Grant
The Caribbean Development Bank (CDB) ensure that Haiti has
insurance coverage to limit the impact of catastrophic hurricanes and or earthquakes by providing to the Country a 2.57m in 2014
Caribbean Development Bank covers Haiti for Natural Disasters
Caribbean Development Bank (CDB) will pay Haiti's insurance premium to the Caribbean Catastrophe Risk Insurance Facility (CCRIF) for coverage period June 1, 2014 - May 31, 2015. CCRIF, an insurance fund used to mitigate damages caused by natural disasters, protects Caribbean countries. Funding was provided by Japan with contributions from international donors.
CDB Director Pierre-Louis thanked the CDB Board of Directors for the grant they approved at their meeting in Barbados on October 16, 2014.