The Global Facility for Disaster Reduction and Recovery. Niels Holm-Nielsen Lead Disaster Risk Management Specialist
|
|
- Eustace Reynolds
- 5 years ago
- Views:
Transcription
1 The Global Facility for Disaster Reduction and Recovery Niels Holm-Nielsen Lead Disaster Risk Management Specialist
2 Bringing Scale to Disaster Risk Management: the Eastern Caribbean Eastern Caribbean Photo Credit: 2
3 Socio-Economic Profile of OECS AB DOM GRE SKN SLU SVG Malta Population, total 89,985 72, ,897 54, , , ,282 GDP (US$ million) 1, , ,642 GDP growth (annual %) 0.6 (0.8) (0.5) GDP per capita (US$) 13,669 7,011 7,876 13,710 7,309 6,634 22,780 Gross government debt (% of GDP) Key: AB Antigua and Barbuda, DOM Dominica, GRE Grenada, SKN Saint Kitts and Nevis, SLU Saint Lucia, SVG Saint Vincent and the Grenadines Source: World Bank Development Indicators, 2013; IMF World Economic Outlook, October 2014 Photo Credit: 3
4 1970s-1990s: Early World Bank Disaster related Engagement = Recovery 3 Projects: Dominica, Saint Kitts & Nevis, Saint Lucia Total Financing: US $18.9 Million In 1979, Hurricane David hit Dominica, causing $45 million in damages, approximately 117% of GDP Photo Credit: National Geographic Phase 1
5 : World Bank engagement now encompasses Risk Reduction and Financial Protection Risk Identification Risk Reduction Disaster Management Project in St. Lucia ($10.5 million) Preparedness Financial Protection CCRIF Established ($10 million WB capital contribution) Resilient Recovery Emergency Recovery Projects in 3 countries (US$18.9M) Emergency Recovery Projects in 3 countries (US$46.9M) Phase 2
6 GFDRR Grant (US$150,000) in 2009 allowed for improved understanding of client context Better Understanding of Countries Needs Political environment To provide technical support to Eastern Caribbean countries to identify and prepare DRM and climate resilience programs National priorities Local capacity Concerns about climate change Frustrations with regional approaches Phase 2
7 GFDRR Grant leveraged additional sources of funding and deepened partner relationships Donors, UN & Banks DFID, EU, CDB, IDB, JICA, GIZ, Mexico, CIDA, CIF- PPCR, UNDP, PAHO. Science & Knowledge UWI, USACE, NASA, ESA, CCCCC NGOs The Nature Conservancy, MoSSaiC Caribbean CCCCC, OECS Sec., CDEMA, CCRIF Phase 3
8 2009 GFDRR Grant 2009 GFDRR Grant (US$150,000) catalyzed critical outcomes Leveraging additional financing Fostering long-lasting partnerships Reducing infrastructure vulnerability Improving community & citizen engagement Building regional capacity Phase 3
9 Phase 3
10 Through MoSSaiC, the vision for proactive landslide risk management is shared, championed, and owned by the communities themselves, not only by the government or implementing agency. Phase 3
11 In Dominica, technical assistance financing by GFDRR enabled use of new technology for shelter prioritization for vulnerability reduction Prioritizing Shelters for Vulnerability Reduction: Conduct Structural Vulnerability Assessment annually prior to hurricane season Evaluate shelter amenities and establish minimum standards Train technical staff in remote sensing, GIS and network analysis Phase 3
12 This [DaLA] report serves as a reminder and proof of the Government s resolve and commitment to risk reduction as well as the well-being of our people. The Government recognizes the necessity to better understand our climate and disaster risk context, and will do our best to reduce this risk and improve resilience across all sectors. ~ The Honorable Dr. Ralph Gonsalves, Prime Minister, SVG Phase 3 12
13 Potential export of a Caribbean Success: CCRIF to cover Central America Objectives: - Improve affordability of high quality sovereign catastrophe risk transfer associated with earthquakes, tropical cyclones and excess rainfall - Enhance capacity of the ministries of finance to develop and implement disaster risk financing and insurance strategies Phase 3
14 Improved engagement resulted in increased investment in DRM Investment in DRM in OECS countries (US$millions) $200.0 $150.0 $100.0 $50.0 $ Dominica Grenada St. Kitts and Nevis St. Lucia SVG Phase 3
15 : Countries prioritization and financing of DRM is now more comprehensive and spans all 5 pillars Risk Identification Hazard Maps, GeoNode, Engineering Association Risk Reduction DRM Project in St. Lucia (US$10.5M) Slope Stabilization, Coastal and River Defense Preparedness Shelter Assessments, Retrofitting Emergency Shelters Financial Protection CCRIF Established Emergency Response Component Resilient Recovery Emergency Recovery Projects in 3 Countries (US$18.9M) Emergency Recovery Projects in 3 Countries (US$46.9M) Damage and Loss Assessments Phase 3
16 Subsequent GFDRR funding enabled further technical assistance Dominica (2) St. Lucia (1) Regional (5) Grenada (3) St. Lucia (1) SVG (3) Regional (2) Dominica (1) St. Lucia (1) Regional (2) Grenada (3) St. Lucia (2) SVG (3) Regional (1) Total of ~US$7.86 million in GFDRR Funding over time Phase 3
17 What s Next? Vision 2030: What will it take to reduce risk by 50 percent?
18 Vision 2030 involves measuring risk reduction at a national level Asset Inventory & Management System Risk Assessment Modeling Platform Risk Baseline Disaster Risk Reduction Investments Evaluation of Risk Reduction Alternatives
19 Total Risk Vision 2030: What will it take? Risk-informed economic growth Cost-efficient risk reduction and prevention Cost-efficient financial protection for residual risk Maximum bearable loss
20 Bringing Scale to Disaster Risk Management: the Eastern Caribbean Niels Holm-Nielsen Lead Disaster Risk Management Specialist World Bank Group Dennery Beach, Saint Lucia now protected by a breakwater that has helped regenerate the lost beach.
Disaster Risk Management in the Caribbean Case Study: Rapid Damage and Loss Assessment following the 2013 Disaster
Belize benefits from knowledge and experiences from the PPCR Disaster Risk Management in the Caribbean Case Study: Rapid Damage and Loss Assessment following the 2013 Disaster Photo Credit: http://gov.vc
More informationThe Lessons of 2017 Perspective from the World Bank Group
The Lessons of 2017 Perspective from the World Bank Group Barbuda Dominica Hurricane Irma Hurricane Maria Rebuild, Rethink, Resilience: Lessons for economic and security partnerships following after the
More informationDisaster Risk. Management. Niels Holm-Nielsen. Lead Specialist Disaster Risk Management
Disaster Risk Management Niels Holm-Nielsen Lead Specialist Disaster Risk Management 1 Who Cares? 1 tropical storm was the likely cause of 20% of the increase in poverty in Guatemala between 2006 and 2011
More informationApplicant Guidelines CCRIF Regional Internship Programme 2018
Applicant Guidelines CCRIF Regional Internship Programme 2018 About CCRIF SPC In 2007, the Caribbean Catastrophe Risk Insurance Facility was formed as the first multi-country risk pool in the world, and
More informationOECS Disaster Vulnerability and Climate Risk Reduction Program Region. Latin America and the Caribbean Country
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Project Name PROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE Report No.: AB6619 OECS
More informationCARIBBEAN ECONOMIC REVIEW AND OUTLOOK
CARIBBEAN ECONOMIC REVIEW AND OUTLOOK Dr. Justin Ram Director of Economics Caribbean Development Bank Conference Centre February 7, 2018 Agenda 01 The global picture 02 Caribbean economic review and outlook
More informationCARIBBEAN AND CENTRAL AMERICAN PARTNERSHIP FOR CATASTROPHE RISK INSURANCE POOLING RISK TO SAFEGUARD AGAINST CATASTROPHES GENERATED BY NATURAL EVENTS
CARIBBEAN AND CENTRAL AMERICAN PARTNERSHIP FOR CATASTROPHE RISK INSURANCE POOLING RISK TO SAFEGUARD AGAINST CATASTROPHES GENERATED BY NATURAL EVENTS May 2014 NINE COUNTRIES IN THE CARIBBEAN AND CENTRAL
More informationPROJECT INFORMATION DOCUMENT (PID) ADDITIONAL FINANCING Report No.: PIDA5305. Project Name. Parent Project Name. Region Country Sector(s) Theme(s)
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Project Name Parent Project Name Region Country Sector(s) Theme(s) Lending Instrument
More informationRISK TRANSFER AND FINANCE EXPERIENCE IN THE CARIBBEAN. Orville Grey March 2016
RISK TRANSFER AND FINANCE EXPERIENCE IN THE CARIBBEAN Orville Grey March 2016 WHO WE ARE? WHER E WE ARE? WEATHER-RELATED LOSS & DAMAGE RISING Caribbean is vulnerable to weather related hazards e.g. drought,
More informationR E S I L I E N C E : B U I L D I N G B E T T E R. Dr. Justin Ram December 8, 2017
R E S I L I E N C E : B U I L D I N G B E T T E R Dr. Justin Ram December 8, 2017 AGENDA 01 Why we are vulnerable: Regional Challenges 02 Cost of Natural Disasters 03 Resilience Building: Stepping back
More informationTerms of Reference Technical Expert for CCRIF SPC Central America SP
Terms of Reference Technical Expert for CCRIF SPC Central America SP 1. Background In 2007, the Caribbean Catastrophe Risk Insurance Facility was formed as the first multi-country risk pool in the world,
More informationTrade and Natural Disaster Response. Ricardo James, Charge d Affaires, Permanent Delegation of the Organization of Eastern Caribbean States (OECS)
Trade and Natural Disaster Response Ricardo James, Charge d Affaires, Permanent Delegation of the Organization of Eastern Caribbean States (OECS) Natural Disaster Threats in the Caribbean Hurricanes and
More informationClimate Change and Natural Disasters in Small Island Developing States
Climate Change and Natural Disasters in Small Island Developing States Sofia Bettencourt Rolande Simone Pryce Habiba Gitay Lead Adaptation Specialist Sr. Operations Officer Sr. Environmental Specialist
More informationRemarks. Dr. William Warren Smith President Caribbean Development Bank Annual News Conference
AS PREPARED FOR DELIVERY Remarks Dr. William Warren Smith President Caribbean Development Bank 2019 Annual News Conference February 7, 2019 CDB Conference Centre, St. Michael, Barbados Good morning all
More informationTerms of Reference. 1. Background
Terms of Reference Peer Review of the Actuarial Soundness of CCRIF SPC s Loss Assessment Models for Central America and the Caribbean (i) Earthquake and Tropical Cyclone Loss Assessment Model (SPHERA)
More informationBoosting Financial Resilience to Disaster Shocks
Boosting Financial Resilience to Disaster Shocks Good Practices and New Frontiers World Bank Technical Contribution to the 2019 G20 Finance Ministers and Central Bank Governors Process January 16, 2019.
More informationAcronyms 1. About CCRIF 2. Foreword Chairman, CCRIF, Milo Pearson 3. Introduction 4. Agenda for the Strategic Donor Meeting in Support of the CCRIF 6
0 P a g e Table of Contents Acronyms 1 About CCRIF 2 Foreword Chairman, CCRIF, Milo Pearson 3 Introduction 4 Agenda for the Strategic Donor Meeting in Support of the CCRIF 6 Synopsis of Presentations 7
More informationSUMMARY OF THE RESULTS OF THE COMMERCIAL BANK SENIOR LOAN OFFICERS OPINION SURVEY ON CREDIT MARKET CONDITIONS IN THE ECCU (JULY TO DECEMBER 2016)
SUMMARY OF THE RESULTS OF THE COMMERCIAL BANK SENIOR LOAN OFFICERS OPINION SURVEY ON CREDIT MARKET CONDITIONS IN THE ECCU (JULY TO DECEMBER ) EASTERN CARIBBEAN CENTRAL BANK ST KITTS SUMMARY OF THE RESULTS
More informationFOR OFFICIAL USE ONLY
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Document of The World Bank FOR OFFICIAL USE ONLY EMERGENCY PROJECT PAPER ON A PROPOSED
More informationRevised February 2016
Revised February 2016 Understanding CCRIF A Collection of Questions and Answers Revised February 2016 Published by: CCRIF SPC 103 South Church Street Harbour Place, 1st Floor P.O. Box 1087 Grand Cayman,
More informationDisaster Risk Reduction and Management in St. Lucia
Disaster Risk Reduction and Management in St. Lucia National Circumstances Saint Lucia is a Small Island Developing State (SIDS) located at latitude 13 o N, and 61 o S within the Lesser Antilles. The
More informationLoss and Damage Associated with Climate Change Impacts The (possible) role of Disaster Risk Financing and Insurance
UNFCC regional expert meeting on loss and damage August 27 29, 2012 Bangkok, Thailand Loss and Damage Associated with Climate Change Impacts The (possible) role of Disaster Risk Financing and Insurance
More informationReforming Tax Incentives to Support Sustainable Development
Reforming Tax Incentives to Support Sustainable Development A Caribbean Perspective: Saint Lucia s Roadmap Dr. Reginald Darius Permanent Secretary, Ministry of Finance Saint Lucia Background Revenue performance
More informationCDEMA Symposium to Commemorate the 10th Anniversary of Hurricane Ivan Exploring Response and Recovery, Embracing Resilience
CDEMA Symposium to Commemorate the 10th Anniversary of Hurricane Ivan Exploring Response and Recovery, Embracing Resilience Radisson Grenada Beach Resort, Grand Anse, Grenada 1st 3rd December, 2014 CCRIF
More informationCCRIF, a not-for-profit company, is the first and only multi-country parametric risk pool in the world
1 VOLUME 4 #2 April 2013 CCRIF News CCRIF, a not-for-profit company, is the first and only multi-country parametric risk pool in the world CCRIF Provides Support to Jamaica in its Recovery Efforts Following
More informationSOVEREIGN CATASTROPHE RISK POOLS A Brief for Policy Makers 1
SOVEREIGN CATASTROPHE RISK POOLS A Brief for Policy Makers 1 More than 1 billion people have lifted themselves out of poverty in the past 15 years, but climate and disaster risks threaten these achievements.
More informationEASTERN CARIBBEAN SECURITIES REGULATORY COMMISSION
EASTERN CARIBBEAN SECURITIES REGULATORY COMMISSION COLLECTIVE INVESTMENT SCHEMES OPERATING IN THE CAPITAL MARKETS OF THE EASTERN CARIBBEAN CURRENCY UNION COLLECTIVE INVESTMENT SCHEMES OPERATING IN THE
More informationInternational Monetary and Financial Committee
International Monetary and Financial Committee Thirty-Ninth Meeting April 12 13, 2019 IMFC Statement by Bill Morneau Minister of Finance Canada On behalf of Antigua and Barbuda, The Bahamas, Barbados,
More informationSTRATEGIC PLAN
STRATEGIC PLAN 2015-2018 CCRIF Strategic Plan 2015-2018 CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) is a not-for-profit risk pooling facility, owned, operated and registered
More informationUnderstanding CCRIF s Hurricane, Earthquake and Excess Rainfall Policies
Understanding CCRIF s Hurricane, Earthquake and Excess Rainfall Policies Technical Paper Series # 1 Revised March 2015 Background and Introduction G overnments are often challenged with the significant
More informationANNUAL NEWS CONFERENCE. Dr. Justin Ram Director, Economics Caribbean Development Bank Bridgetown, Barbados February 7, 2019
2019 ANNUAL NEWS CONFERENCE Dr. Justin Ram Director, Economics Caribbean Development Bank Bridgetown, Barbados February 7, 2019 Caribbean Region s challenges LOW GROWTH HIGH DEBT HIGH UNEMPLOYMENT Caribbean
More informationPROJECT APPRAISAL DOCUMENT FOR PROPOSED CREDITS (2) AND LOANS (3) IN THE AMOUINT OF SDR 4 MILLION AND US$14.07 MILLION RESPECTIVELY
Public Disclosure Authorized Document of The World Bank Report No: 18645 LAC Public Disclosure Authorized PROJECT APPRAISAL DOCUMENT FOR PROPOSED CREDITS (2) AND LOANS (3) IN THE AMOUINT OF SDR 4 MILLION
More information1. Background. CCRIF SPC s sustainability relies on certain key factors:
Terms of Reference Peer Review of the Financial Module of the Earthquake and Tropical Cyclone Loss Assessment Model (SPHERA) for Central America and the Caribbean 1. Background In 2007, the Caribbean Catastrophe
More informationGovernment of Belize Pilot Program for Climate Resilience Sub-Committee Meeting Washington, DC November 1, 2013
Government of Belize Pilot Program for Climate Resilience Sub-Committee Meeting Washington, DC November 1, 2013 Overview Climate Impacts Transformational Shift Analysis and Consultation Moving Forward
More informationDisaster Risk Reduction and Financing in the Pacific A Catastrophe Risk Information Platform Improves Planning and Preparedness
Disaster Risk Reduction and Financing in the Pacific A Catastrophe Risk Information Platform Improves Planning and Preparedness Synopsis The Pacific Islands Countries (PICs) 1, with a combined population
More informationJamaica. October 24, Remarks Dr. Warren Smith WFCP Page 1
Remarks by Dr. W m. Warren Smith President Caribbean Development Bank at the Opening Ceremony of the Sixth Meeting of the World Forum of Catastrophe Programmes Montego Bay Jamaica October 24, 2011 Remarks
More informationTerms of Reference GIS Review of the Earthquake and Tropical Cyclone Loss Assessment Model (SPHERA) for Central America and the Caribbean
Terms of Reference GIS Review of the Earthquake and Tropical Cyclone Loss Assessment Model (SPHERA) for Central America and the Caribbean 1. Background In 2007, the Caribbean Catastrophe Risk Insurance
More informationIMPLEMENTATION COMPLETION AND RESULTS REPORT (P108058) ON A GRANT IN THE AMOUNT OF US$70,997, TO THE
Public Disclosure Authorized Document of The World Bank Report No: ICR00002332 Public Disclosure Authorized Public Disclosure Authorized IMPLEMENTATION COMPLETION AND RESULTS REPORT (P108058) ON A GRANT
More informationThe findings, interpretations, and conclusions expressed do not necessarily represent the views of the International Bank for Reconstruction and
The findings, interpretations, and conclusions expressed do not necessarily represent the views of the International Bank for Reconstruction and Development/World Bank and its affiliated organizations,
More informationCARIBBEAN DEVELOPMENT BANK SUPPORT FOR HAITI TO MEET COMMITMENT TO CARIBBEAN CATASTROPHE RISK INSURANCE FACILITY FOR THE HURRICANE SEASON
PUBLIC DISCLOSURE AUTHORISED CARIBBEAN DEVELOPMENT BANK SUPPORT FOR HAITI TO MEET COMMITMENT TO CARIBBEAN CATASTROPHE RISK INSURANCE FACILITY FOR THE 2017-2018 HURRICANE SEASON This Document is being made
More informationPUBLIC DISCLOSURE AUTHORISED
PUBLIC DISCLOSURE AUTHORISED CARIBBEAN DEVELOPMENT BANK SUPPORT FOR HAITI TO MEET COMMITMENT TO CARIBBEAN CATASTROPHE RISK INSURANCE FACILITY FOR THE 2013-2014 HURRICANE SEASON This Document is being made
More informationA New Umbrella Trust Fund for GFDRR. A Multi-Donor Trust Fund for Mainstreaming Disaster and Climate Risk Management in Developing Countries
A New Umbrella Trust Fund for GFDRR A Multi-Donor Trust Fund for Mainstreaming Disaster and Climate Risk Management in Developing Countries 2 MANAGING DISASTER RISKS FOR A RESILIENT FUTURE Introduction
More informationCARIBBEAN DEVELOPMENT BANK TOTAL PUBLIC DEBT BORROWING MEMBER COUNTRIES VOLUME XIII
CARIBBEAN DEVELOPMENT BANK TOTAL PUBLIC DEBT 1999-2004 BORROWING MEMBER COUNTRIES VOLUME XIII The Bank does not accept responsibility for the accuracy or completeness of this publication. Economics Department
More informationCaribbean and Central American Partnership for Catastrophe Risk Insurance
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Caribbean and Central American Partnership for Catastrophe Risk Insurance Pooling Risk
More informationTHE ECONOMIC OUTLOOK FOR THE EASTERN CARIBBEAN CURRENCY UNION 1 by Garth Nicholls
Feature Article: The Economic Outlook for the Eastern Caribbean Currency Union THE ECONOMIC OUTLOOK FOR THE EASTERN CARIBBEAN CURRENCY UNION 1 by Garth Nicholls Introduction and Overview A forecast is
More informationEXTERNAL PUBLIC DEBT OF CARICOM MEMBER STATES
EXTERNAL PUBLIC DEBT OF CARICOM MEMBER STATES 1990-2000 PREPARED AND COMPILED BY: STATISTICS SUB-PROGRAMME INFORMATION AND COMMUNICATION PROGRAMME CARIBBEAN COMMUNITY (CARICOM) SECRETARIAT GEORGETOWN,
More informationDISASTER RISK FINANCING AND INSURANCE PROGRAM
DISASTER RISK FINANCING AND INSURANCE PROGRAM Strengthening Financial Resilience to Disasters What We Do DRFIP helps developing countries manage the cost of disaster and climate shocks. The initiative
More informationA Case for Countercyclical Monetary Policy in the Caribbean
CONFERENCE ON THE ECONOMY 2018 UWI STA A Case for Countercyclical Monetary Policy in the Caribbean Dr. Justin Ram Director of Economics, Caribbean Development Bank The Big Picture: Last 10 Years in the
More informationFOR OFFICIAL USE ONLY
Document of The World Bank FOR OFFICIAL USE ONLY Report No: {ReportNo} PROJECT APPRAISAL DOCUMENT ON A PROPOSED CREDIT IN THE AMOUNT OF US$ 41 MILLION EQUIVALENT WITH PROPOSED CO-FINANCING FROM CLIMATE
More informationDOCUMENT OF THE WORLD BANK RESTRUCTURING PAPER ON A PROPOSED PROJECT RESTRUCTURING HONDURAS AND NICARAGUA CATASTROPHE RISK INSURANCE PROJECT
Public Disclosure Authorized The World Bank DOCUMENT OF THE WORLD BANK REPORT NO.: RES24760 Public Disclosure Authorized Public Disclosure Authorized RESTRUCTURING PAPER ON A PROPOSED PROJECT RESTRUCTURING
More informationLooking for Comprehensive Risk Management Solutions for the OECS countries: The World Bank Group Perspective
Risk Management and Investment in the Caribbean Looking for Comprehensive Risk Management Solutions for the OECS countries: The World Bank Group Perspective Eugene N. Gurenko Senior Insurance Specialist
More informationThe Caribbean Development Fund: Economic Sense or Political Expediency?
The Caribbean Development Fund: Economic Sense or Political Expediency? Professor Havelock Brewster: Rationale for the CARICOM Development Fund The Preamble to the Revised Treaty of Chaguaramas states
More informationInternational Monetary and Financial Committee
International Monetary and Financial Committee Thirty-Third Meeting April 16, 2016 IMFC Statement by Bill Morneau Minister of Finance, Canada On behalf of Antigua and Barbuda, The Bahamas, Barbados, Belize,
More informationFinancing Options and Issues Session 6: Access to Financing Options and Instruments
IMF Workshop on Building Resilience to Natural Disasters and Climate Change DISASTER RISK FINANCING AND INSURANCE PROGRAM (DRFIP) April 4-6 2017 Financing Options and Issues Session 6: Access to Financing
More informationThe Global Financial Crisis Implications for the Caribbean
The Global Financial Crisis Implications for the Caribbean Trevor Alleyne* Caribbean Development Bank Conference Barbados December 3, 28 *The views expressed herein are those of the author and should not
More informationInternational Monetary and Financial Committee
International Monetary and Financial Committee Thirty-Fifth Meeting April 22, 2017 IMFC Statement by William Morneau Minister of Finance Canada On behalf of Antigua and Barbuda, The Bahamas, Barbados,
More informationGFDRR on Financial Protection
GFDRR on Financial Protection GFDRR has worked with more than 60 developing countries to improve their financial resilience to natural disasters. It has enhanced countries post-disaster financial response
More informationResilience and the Economics of Risk. NACo s Resilient Counties Advisory Board February 2016
Resilience and the Economics of Risk NACo s Resilient Counties Advisory Board February 2016 The growing burden of uninsured losses Natural catastrophe losses 1970 2014 (in 2014 USD) 450 400 350 300 Uninsured
More informationDebt Watch - Caribbean
Debt Watch - Caribbean Issue No. 19: July/August 2010 News CDB disburses US$124.5 million in first half of 2010 The Caribbean Development Bank (CDB) disbursed the equivalent of US$124.5 million to its
More informationAttention: Owners of Flexible Premium Annuity ( FPA ) Policies. British American Insurance Company Limited (in Judicial Management) ( BAICO )
Attention: Owners of Flexible Premium Annuity ( FPA ) Policies issued by British American Insurance Company Limited (in Judicial Management) ( BAICO ) The Governments of the Eastern Caribbean Currency
More informationDocument of The World Bank IMPLEMENTATION COMPLETION AND RESULTS REPORT (IDA-H2780) ON A GRANT
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Document of The World Bank Report No: ICR00001865 IMPLEMENTATION COMPLETION AND RESULTS
More informationCOTE 2017 ARMCHAIR DISCUSSION ECONOMIC PERSPECTIVES ON THE REGION. Anthony Peter Gonzales
COTE 2017 ARMCHAIR DISCUSSION ECONOMIC PERSPECTIVES ON THE REGION Anthony Peter Gonzales 11/10/2017 GROWTH RATES Since 2009 the majority of Caribbean countries have grown on average 1.2% per year, compared
More informationStatus of Social Investment in Children in the Eastern Caribbean An Overview UNICEF Office for Barbados and the Eastern Caribbean
Status of Social Investment in Children in the Eastern Caribbean An Overview UNICEF Office for Barbados and the Eastern Caribbean Koen Rossel Cambier and Leopoldo Romagnoli Paper No 2, August 2009 Status
More informationCompete Caribbean: Private Sector Development Strategies for the OECS Grenada
Compete Caribbean: Private Sector Development Strategies for the OECS Grenada National Consultation Presentation 27 th March 2013 Flamboyant Hotel and Villas SIDS Challenge Structure of Presentation OECS
More informationCARIBBEAN ECONOMIC REVIEW AND OUTLOOK. Dr Justin Ram Caribbean Development Bank / Barbados 17 th February 2017
CARIBBEAN ECONOMIC REVIEW AND OUTLOOK Dr Justin Ram Caribbean Development Bank / Barbados 17 th February 2017 AGENDA 01 The Global Picture 02 The Regional Picture 03 Vision THE GLOBAL PICTURE MODEST ACCELERATION
More informationInformation Sharing Event on Work Program for Loss and Damage
Information Sharing Event on Work Program for Loss and Damage Contribution from the World Bank Kanta Kumari Rigaud Lead Adaptation & PPCR Coordinator World Bank June 7, 2011 Bonn World Bank Approach to
More informationPROJECT APPRAISAL DOCUMENT ON A PROPOSED LOAN AND A PROPOSED CREDIT TO THE GOVERNMENT OF SAINT LUCIA FOR A
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Document of The World Bank FOR OFFICIAL USE ONLY PROJECT APPRAISAL DOCUMENT ON A PROPOSED
More informationGOVERNMENTS IN THE LEAD ON FINANCIAL PREPAREDNESS
GOVERNMENTS IN THE LEAD ON FINANCIAL PREPAREDNESS Lessons learned from around the world Wednesday, November 18, 2015 African Union Addis Ababa, Ethiopia GOVERNMENTS IN THE LEAD ON FINANCIAL PREPAREDNESS
More informationKerry Max Senior Economist, Americas Branch, CIDA. Small Island States and a Free Trade Area of the Americas: Challenges and Opportunities
Kerry Max Senior Economist, Americas Branch, CIDA Small Island States and a Free Trade Area of the Americas: Challenges and Opportunities Summary: Trade liberalization and economic integration are powerful
More informationRECOMMENDATIONS FROM THE ECCU PENSION REFORM COMMISSION. PRESENTATION TO: THE CARIBBEAN CENTRE for MONEY & FINANCE
RECOMMENDATIONS FROM THE ECCU PENSION REFORM COMMISSION PRESENTATION TO: THE CARIBBEAN CENTRE for MONEY & FINANCE Order of Presentation Background Information on the Organization of Eastern Caribbean States
More informationCDB - A catalyst for development resources in the Caribbean
CDB - A catalyst for development resources in the Caribbean High-Level Roundtable on International Cooperation for Sustainable Development in Caribbean Small Island Developing States Bridgetown, Barbados
More informationCARIBBEAN DEVELOPMENT BANK
SDF 8/1 PM-4 CARIBBEAN DEVELOPMENT BANK PREPARATORY MEETING OF CONTRIBUTORS ON A REPLENISHMENT OF RESOURCES OF THE UNIFIED SPECIAL DEVELOPMENT FUND FOR THE EIGHTH CONTRIBUTION CYCLE TO BE HELD IN BARBADOS
More informationSISRI Knowledge Notes. The Small Island States Resilience Initiative (SISRI) OVERVIEW NOTE: #1 FOCUS: PROGRAM OVERVIEW OVERVIEW: NOTE: #1
SISRI Knowledge Notes A series highlighting good practices in climate and disaster resilience in Small Island States The Small Island States Resilience Initiative (SISRI) Tom Perry/World Bank NOTE: #1
More informationDocument of The World Bank
Public Disclosure Authorized Document of The World Bank Report No: 20899-GRD Public Disclosure Authorized PROJECT APPRAISAL DOCUMENT ON A Public Disclosure Authorized PROPOSED LOAN AND CREDIT IN THE AMOUNT
More informationADDENDUM 5 November 21, 2013 Government of Antigua and Barbuda. Prospectus
Government of Antigua and Barbuda ADDENDUM 5 November 21, 2013 Government of Antigua and Barbuda Prospectus 2013 RGSM Issuance Programme for the Period June through December 180-day and 365-day EC$ Treasury
More informationFOR OFFICIAL USE ONLY INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT PROJECT PAPER ON A
Document of The World Bank FOR OFFICIAL USE ONLY Report No: PAD1227 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT PROJECT PAPER ON A PROPOSED ADDITIONAL FINANCING CREDIT IN THE AMOUNT OF (SDRXX/EURXX/OTHER)
More informationBOARDS OF GOVERNORS 2008 ANNUAL MEETINGS WASHINGTON, D.C.
BOARDS OF GOVERNORS 2008 ANNUAL MEETINGS WASHINGTON, D.C. INTERNATIONAL MONETARY FUND WORLD BANK GROUP INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL FINANCE CORPORATION INTERNATIONAL
More informationEASTERN CARIBBEAN CURRENCY UNION (ECCU) 1. General trends
Economic Survey of Latin America and the Caribbean 2016 1 EASTERN CARIBBEAN CURRENCY UNION (ECCU) 1. General trends Overall economic growth in the six ECCU members that are also members of ECLAC slowed
More informationMinistry of Finance Finance Administrative Center Pointe Seraphine, Castries SAINT LUCIA
Addendum 2 27 th September GOVERNMENT OF SAINT LUCIA P R O S P E C T U S 91-day Treasury bill EC$11.0 M 180-day Treasury bills EC$190.0 M: Series A: Two issues EC$25.0 M each Series B: Two issues EC$20.0
More informationHOUSE OF ASSEMBLY. Speaker SCHEDULE. Supplementary Estimates No.14. Provision in Supplementary Estimates No. 1-13
HOUSE OF ASSEMBLY Resolved that the sum of EIGHTY-EIGHT MILLION, FIVE HUNDRED AND TWO THOUSAND, SIX HUNDRED AND THIRTY-SIX DOLLARS be granted from the Consolidated Fund and be placed at the disposal of
More informationREQUEST FOR EXPRESSIONS OF INTEREST
REQUEST FOR EXPRESSIONS OF INTEREST Disaster Risk Assessment (DRA) Specialist- Individual consultancy assignment (Ref. No. ICPAC/18/ICS/04) Organization: IGAD Climate Predictions and Applications Center
More informationIS DISASTER-RELATED MICROINSURANCE A VIABLE DISASTER RISK REDUCTION STRATEGY?: LEARNING FROM CARIBBEAN SIDS
IS DISASTER-RELATED MICROINSURANCE A VIABLE DISASTER RISK REDUCTION STRATEGY?: LEARNING FROM CARIBBEAN SIDS By Denise D.P. Thompson, PhD John Jay College of Criminal Justice American Society for Public
More informationANNUAL REPORT
Cover Photos Top Row (Left to Right) CCRIF scholarship recipient Ms. Germaine Maxwell from Saint Lucia at her graduation ceremony at the University of Southampton, where she received an MSc in Risk Management
More informationL/C/TF Number(s) Closing Date (Original) Total Project Cost (USD) TF Dec ,872,000.00
Public Disclosure Authorized Independent Evaluation Group (IEG) 1. Project Data Report Number : ICRR0020840 Public Disclosure Authorized Public Disclosure Authorized Project ID P103470 Country OECS Countries
More informationCCRIF Quarterly Report 1 September 30 November 2011
fff CCRIF Quarterly Report 1 September 30 November 2011 The Caribbean Catastrophe Risk Insurance Facility (CCRIF) is the first multi-country risk pool in the world, and is also the first insurance instrument
More informationCatastrophe Risk Financing Instruments. Abhas K. Jha Regional Coordinator, Disaster Risk Management East Asia and the Pacific
Catastrophe Risk Financing Instruments Abhas K. Jha Regional Coordinator, Disaster Risk Management East Asia and the Pacific Structure of Presentation Impact of Disasters in developing Countries The Need
More informationINDEX BASED RISK TRANSFER AND INSURANCE MECHANISMS FOR ADAPTATION. Abedalrazq Khalil, PhD Water Resources Specialist, World Bank
INDEX BASED RISK TRANSFER AND INSURANCE MECHANISMS FOR ADAPTATION Abedalrazq Khalil, PhD Water Resources Specialist, World Bank Outline Introduction: Climate Change and Extremes Index Based Risk Transfer:
More informationFINAL CONSULTATION DOCUMENT May CONCEPT NOTE Shaping the InsuResilience Global Partnership
FINAL CONSULTATION DOCUMENT May 2018 CONCEPT NOTE Shaping the InsuResilience Global Partnership 1 Contents Executive Summary... 3 1. The case for the InsuResilience Global Partnership... 5 2. Vision and
More informationAn Overview of Disaster Risk Financing Instruments in the World Bank Operations
GFDRR sponsored BBL, Washington DC An Overview of Disaster Risk Financing Instruments in the World Bank Operations Eugene N. Gurenko, Ph.D., CPCU, ARe Lead Insurance Specialist March 4, 2009 Contents Disaster
More informationPDNA. Post Disaster Damage and Needs Assessment, methodologies and toolkit
PDNA Post Disaster Damage and Needs Assessment, methodologies and toolkit The PDNA 1. A process 2. ECLAC s s past experience 3. A systemic, integrated approach 4. An cooperative effort that encompasses
More informationAgricultural Risk Management in the Caribbean
Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Table of Contents Agricultural Risk Management in the Caribbean Lessons and Experiences
More informationDocument of The World Bank FOR OFFICIAL USE ONLY INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION AND
Public Disclosure Authorized Document of The World Bank FOR OFFICIAL USE ONLY Report No. 66577-LAC Public Disclosure Authorized Public Disclosure Authorized INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT
More informationREPUBLIC OF KENYA THE NATIONAL TREASURY AND MINISTRY OF PLANNING
REPUBLIC OF KENYA THE NATIONAL TREASURY AND MINISTRY OF PLANNING DISASTER RISK FINANCIAL INSTRUMENTS IN KENYA EXECUTIVE SEMINAR ON INDEX BASED LIVESTOCK INSURANCE SAROVA WHITESANDS HOTEL 19 TH -20 TH APRIL,
More informationBroadband Infrastructure Inventory and Public Awareness in the Caribbean (BIIPAC) Project. Ayanna T. Samuels BIIPAC Regional Coordinator Aug 11, 2014
Broadband Infrastructure Inventory and Public Awareness in the Caribbean (BIIPAC) Project Ayanna T. Samuels BIIPAC Regional Coordinator Aug 11, 2014 BIIPAC Spin off of CTC Project s Genesis Nov 2011 Broadband
More informationTHE CARIBBEAN SUBRCGTON
Ia r i b b e a n Ie v e l o p m e n t AND IO-OPERATION lommittee THE CARIBBEAN SUBRCGTON CT7 o o Antigua and Barbuda Aruba Bahamas % Barbados Belize Br. Virgin Islands Cuba Dominica t>> Dominican Republic
More informationMonetary Unions in the Caribbean Context The Challenges faced by the Eastern Caribbean Currency Union since the crisis
Monetary Unions in the Caribbean Context The Challenges faced by the Eastern Caribbean Currency Union since the crisis Prepared by Mr Trevor O B Brathwaite Deputy Governor March 2016 Eastern Caribbean
More informationThe Regional Government Securities Market. Frequently Asked Questions
The Regional Government Securities Market Frequently Asked Questions 1. What is the Regional Government Securities Market The eight ECCB member countries (Anguilla, Antigua and Barbuda, Dominica, Grenada,
More informationRequest for Proposal Construction Consultant/Project Manager. For The Construction of a Bank Residence
Request for Proposal Construction Consultant/Project Manager For The Construction of a Bank Residence Content 1. TERMS OF REFERENCE... 1 1.1 Summary and Background... 1 1.2 Objective of the Consultancy/Project
More informationANNUAL REPORT
Cover Photos Left to Right Tropical Storm Erika, which affected CCRIF member Dominica in August 2015 Damage in Dominica due to excess rainfall during Tropical Storm Erika A community member participating
More informationTERMINOLOGY. What is Climate risk insurance? What is Disaster risk insurance?
TERMINOLOGY What is Climate risk insurance? Climate risk insurance describes a suite of instruments for financial risk transfer that provides protection against risks arising from extreme weather events
More information