CCRIF makes payout of US$5.8M to Barbados following passage of Tropical Storm Kirk

Barbados Prime Minister Mia Mottley met with CCRIF CEO Isaac Anthony, Deputy Chairperson Desirée Cherebin and Board member Faye Hardy on Friday at a short ceremony to mark the payout by CCRIF to the Government of Barbados following the passage of Tropical Storm Kirk in October.

The payout of US$5.8 million – or BDS$11.6 million – was made under the country’s Excess Rainfall policy and was made within 14 days of the event.

In his remarks, CCRIF CEO, Isaac Anthony spoke to the fact that natural hazards continue to have an inordinate impact on the economies of the small island states of the Caribbean and the importance of risk transfer instruments in country disaster risk management (DRM) and climate resilience strategies.

He indicated that the importance of risk…

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