The Caribbean Catastrophe Risk Financing Facility (CCRIF) has provided financial support in the form of a grant of US$2,209,000 (approximately EC$6.0 million) to the government of St Vincent and the Grenadines following the eruption of the La Soufrière Volcano.
“This support to the government has been made possible because CCRIF operates as a developmental insurance company, whereby our members have our commitment to support them in times of crises; seek out opportunities to enable them to enhance their resilience to current and future natural hazards; engage donors and collaborate on programmes designed to reduce vulnerability; negotiate the best prices for reinsurance; and advance disaster risk management and ecosystems-based solutions for the betterment of the peoples of the Caribbean and Central America in keeping with Agenda 2030 and the thrust to leave no one behind,” said, CCRIF chief executive officer, Isaac Anthony.
