Haiti - Security : Grant of $3M from the CBD to help Haiti pay its insurance premiums - HaitiLibre.com : Haiti news 7/7
Download the School calendar 2023-2024 (Official)





iciHaiti - PoliTour : The Tourist Police celebrates its 10th anniversary

iciHaiti - France : Donation of equipment for the special units of the PNH

iciHaiti - Tourism : Training on tourism development in the North

iciHaiti - PNH : The police continue their operations in Saut d'Eau and Mirebalais

iciHaiti - Concacaf W. U17 : The final phase will take place in Tolouca (Mexico)


more news


Haiti - News : Zapping...

iciHaiti - Politic : 54th anniversary of CONATEL

Haiti - Social : The FAES finalist of the IDB «Super-Hero of Development» competition

Haiti - Justice : The Minister of Social Affairs, indicted for abuse of power and criminal conspiracy...

Haiti - FLASH : Multinational intervention on the Security Council Agenda, what we know about the resolution


more news


Haiti - Security : Grant of $3M from the CBD to help Haiti pay its insurance premiums
29/08/2018 10:06:05

Haiti - Security : Grant of $3M from the CBD to help Haiti pay its insurance premiums
The Caribbean Development Bank (CDB) has approved a grant of USD3 million (mn) to cover Haiti’s 2018-2019 insurance premiums with CCRIF SPC (formerly Catastrophe Caribbean Risk Insurance Facility), the company that provides parametric insurance coverage to the Caribbean and Latin America. The Bank’s funding will help the country meet the cost of the premiums for tropical cyclone, earthquake and excess rainfall coverage to which the Government of Haiti will contribute up to USD1.8 mn.

CDB’s Director of Projects, Daniel Best said that among the Bank’s 19 Borrowing Member Countries, Haiti is one of the most vulnerable to natural hazards adding "This type of insurance can play a unique role in tackling humanitarian emergencies by providing quick liquidity at a time when there is a dramatic reduction in Government revenue and, at the same time, a need for large government services expenditures.'

Given the country’s fragility and high vulnerability to natural hazards, in its 2017-2021 Country Strategy for Haiti, CDB committed to continue paying the country’s annual CCRIF SPC premiums.

Further, in the most recent negotiations for the replenishment of the Bank’s Special Development Fund, contributors agreed that there should be a continuation of the grant-supported programme of assistance for Haiti. Disaster risk reduction is among the main areas in which CDB will invest.

To date, Haiti has received four payouts: one after the 2010 earthquake (USD7.7 mn), two following Hurricane Matthew in October 2016 (USD20.39 mn under the tropical cyclone policy and USD3.02 mn under the excess rainfall policy), and USD162,000 in 2017 for Hurricane Irma. The latter was paid out under the Aggregated Deductible Cover, which provides a minimum payment for events that are objectively not sufficient to trigger a CCRIF SPC policy.

See also :
https://www.icihaiti.com/en/news-23713-icihaiti-economy-the-caribbean-development-bank-will-open-an-office-in-haiti.html
https://www.haitilibre.com/en/news-22994-haiti-economy-the-cbd-proposes-a-$100m-program-for-haiti.html
https://www.icihaiti.com/en/news-23682-icihaiti-education-$16m-project-with-caribbean-development-bank.html
https://www.haitilibre.com/en/news-22994-haiti-economy-the-cbd-proposes-a-$100m-program-for-haiti.html
https://www.haitilibre.com/en/news-21534-haiti-education-towards-more-cooperation-with-the-caribbean-development-bank.html
https://www.haitilibre.com/en/news-21441-haiti-politics-more-than-$20m-in-grants-for-2-projects.html
https://www.haitilibre.com/en/news-21157-haiti-security-cdb-will-once-again-pay-insurance-premiums-for-haiti.html
https://www.haitilibre.com/en/news-18910-haiti-politic-the-ccrif-will-pay-more-than-$20-to-haiti.html
https://www.haitilibre.com/en/news-17545-haiti-security-grant-to-pay-haiti-s-insurance-premium.html
https://www.haitilibre.com/en/news-14569-haiti-security-$2-37m-grant-to-pay-haiti-s-insurance-premium.html

HL/ HaitiLibre

Twitter Facebook Rss
Send news to... Daily news...




Why HaitiLibre ? | Contact us | Français
Copyright © 2010 - 2023
Haitilibre.com