Caribbean Development Bank
$20,000,000.00 CAD
- Department
- Global Affairs Canada
- Program
- —
- Recipient country
- Antigua & Barbuda
- Fiscal year
- 2020-2021
- Agreement period
- July 18, 2020 – March 11, 2026
- Project status
- Closed
- Reference
- CA-3-P009524001
Published purpose
This fund contributes to insulating Caribbean Community (CARICOM) member countries from disaster risks and frees up fiscal space to support their essential needs, which have increased due to the COVID-19 pandemic. The Fund consists of two components. The first enhances post-disaster response through the coverage of premiums to the Caribbean Catastrophe Risk Insurance Facility for the nine CARICOM member countries eligible for Official Development Assistance for a two years. The second component assists in developing gender-sensitive innovative financing instruments to mobilize private capital for climate adaptation and disaster mitigation to benefit all CARICOM members.
In plain English AI-generated
This contribution supports Caribbean Community countries by funding disaster risk insurance premiums and developing gender-sensitive financing tools for climate adaptation and disaster mitigation, with a focus on COVID-19-related fiscal pressures.
Category: Climate Primarily funds activity outside Canada
Based on the published description. See how AI categorization works — the linked official record is authoritative.
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