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Haiti - Protection : Donation of 6.9 million from the CBD to pay Haiti’s insurance premium
Note that it will be 11 years that the CBD has assumed in part or in whole, instead of Haiti, the parametric insurance premiums against damage resulting from hurricane, earthquake and excess precipitation https://www.haitilibre.com/en/news-21157-haiti-security-cdb-will-once-again-pay-insurance-premiums-for-haiti.html
"Haiti faces serious challenges due to the combined shocks of natural disasters, the COVID-19 pandemic, climate change, political instability, and the heightened insecurity in several parts of the country, which contribute to financial uncertainty," said CDB Vice-President of Operations, Isaac Solomon.
Haiti suffered its latest disaster in August this year, with the occurrence of a 7.2 magnitude earthquake, epicentred in the southwest peninsula, close to Les Cayes https://www.haitilibre.com/en/news-34681-haiti-earthquake-latest-assessment-of-civil-protection.html
This event triggered the largest single pay-out by CCRIF SPC, with a total of US$40 million https://www.haitilibre.com/en/news-34551-haiti-earthquakethe-ccrif-will-pay-nearly-$40m-compensation-to-haiti.html
Having been a member of CCRIF SPC, co-founded by CDB, since its start in 2007, Haiti partly covered its annual insurance premium since 2018. However, the Haitian Government is unable to contribute to the payment of the CCRIF SPC premium this policy year.
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