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This report assesses the specific needs of the sixteen member countries of the Facility to determine how each of the countries views the Caribbean Catastrophe Risk Insurance Facility (CCRIF), a regional catastrophe fund for Caribbean governments designed to limit the financial impact of devastating hurricanes and earthquakes by quickly providing financial liquidity when a policy is triggered.
The report presents: (i) the main findings of the beneficiary assessment undertaken by the World Bank; (ii) country reports of the 16 members of CCRIF and focuses primarily on each member’s perception of CCRIF or key issues with respect to CCRIF; (iii) and aligns the beneficiary assessment with CCRIF’s Strategic Objectives and seeks to assess and evaluate whether stakeholders are of the opinion that CCRIF is meeting these objectives; and (iv) recommendations that could be considered by CCRIF as it prepares to undertake its strategic planning exercise in early 2012.