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Insurance & Risk Transfer

Financial mechanisms formulated to reduce vulnerability to disasters by employing structured instruments such as insurance policies and catastrophe bonds which spread risks in exchange for a premium.

CDB approves USD2.37 million in grant assistance for Haiti catastrophe risk insurance

17 Jul 2015, CDB

'This grant assistance is just part of our ongoing commitment to support the Government of Haiti in its efforts to better mitigate and manage the impacts of natural disasters. Caribbean Development Bank will remain a close development partner and help Haiti advance and emerge as a stronger, more resilient economy,' said Dr. Warren Smith, President of the CDB...

Extracts of progress reports by progress indicator on the implementation of the Hyogo Framework for Action
  • Indicator 4.1 [PDF, 104Kb]Disaster risk reduction is an integral objective of environment related policies and plans, including for land use natural resource management and adaptation to climate change
  • Indicator 4.2 [PDF, 102Kb]Social development policies and plans are being implemented to reduce the vulnerability of populations most at risk
  • Indicator 5.3 [PDF, 86Kb]Financial reserves and contingency mechanisms are in place to support effective response and recovery when required.

Find or contribute curricular, extra-curricular and public awareness materials on disaster prevention and school safety for primary, secondary, vocational, community-based education and public awareness.