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Haiti - Security : Grant to pay Haiti's insurance premium 25/05/2016 11:44:45
Given Haiti’s fragility and high vulnerability to natural hazards, the Bank committed to paying its annual Caribbean Catastrophe Risk Insurance Facility (CCRIF) premiums, as part of the CDB country partnership strategy for Haiti for the period 2013-2016. Recall that Haiti and other member countries of CCRIF, the world’s first multi-country catastrophe risk pooling facility, benefit from sovereign insurance at affordable rates. Through CCRIF, countries receive timely, rapid cash payments after among others an earthquake, hurricane, flood, that have a significant impact on their national economies. The grant is being paid under the Eighth Cycle of the Special Development Fund, the focus of which includes promoting environmental sustainability and climate change resilience. See also : https://www.haitilibre.com/en/news-14569-haiti-security-$2-37m-grant-to-pay-haiti-s-insurance-premium.html HL/ HaitiLibre
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