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Strategic Donor Meeting in Support of CCRIF SPC

March 23, 2015

Hilton Barbados

The Caribbean Development Bank (CDB) in partnership with CCRIF SPC held a strategic donor meeting on Monday 23 March, 2015 in Barbados. This was the second such meeting, following the successful donor meeting held in 2013.

The 2015 meeting provided a forum to:

  • Update current and potential donors and partners of CCRIF on the facility’s activities over the period 2013 to present
  • Update donors and stakeholders on new developments – the rationale for restructuring the facility into a segregated portfolio company (SPC); new products; the new Cat Bond issued by the World Bank; expansion of CCRIF into other geographic areas; and CCRIF and microinsurance   
  • Present donors with CCRIF’s strategic direction over the next 3 years – 2015-2018 – and the results and analysis of the recently concluded stakeholder assessment of CCRIF
  • Listen to the perspectives of member countries on CCRIF and the importance of ex-ante financing and the role of risk transfer in their pursuit of sustainable economic development – adequacy of coverage and donors’ roles in helping to effect scaling up of coverage
  • Update donors on the excess rainfall product and seek support for the product via matching contributions to a capital pool
  • Determine through dialogue the mechanisms which would enhance coordination of CCRIF activities with donor and partner activities and country work programmes
  • Launch two new technical assistance programmes – the CCRIF Regional Internship Programme and CCRIF Small Grants Programme

Participants included representatives of international development partners and regional partner organizations that are involved in disaster risk management and/or development.

Participant list.

Objectives of the Meeting

  • To provide current and potential donors of CCRIF with an update on its activities over the period 2013 – 2015
     
  • To present donors with CCRIF’s strategic direction over the next 3 years 2015-2018
  • To assess  views and perspectives of member countries on CCRIF and the importance of ex-ante financing and the role of risk transfer in their pursuit of sustainable economic development
     
  • To update donors on the excess rainfall product and seek support for the product
     
  • To determine the mechanisms which would enhance coordination of CCRIF activities with donor and partner activities and country work programmes

 

Agenda ~ PDF

Chairperson – Mr. Isaac Anthony, CEO, CCRIF SPC

Welcome and Opening Remarks ~ PDF
Dr. Warren Smith, President, Caribbean Development Bank

Remarks from Government of Barbados on behalf of Honourable Christopher Sinckler, Minister of Finance and Economic Affairs
Mr. Seibert Frederick, Manager, Public Investment Unit, Ministry of Finance and Economic Affairs

Greetings from CCRIF  ~ PDF
Mr. Milo Pearson, Chairman, CCRIF SPC

Objectives and Purpose of the Meeting Mr. Isaac Anthony

Results of the Stakeholder Analysis of CCRIF 2014 ~ PDF
Ms. Elizabeth Emanuel, Sustainability Managers, CCRIF Corporate Communications Manager

Review of CCRIF’s Performance 2013-2015 ~ PDF
Mr. Isaac Anthony

Panel Discussion – Making the Case for Upscaling

  • Fiscal Sustainability for Disaster Risk ManagementDr. Justin Ram, Economics Director, CDB ~ PDF
  • Perspective from Anguilla on CCRIF – Dr. Aidan Harrigan, Permanent Secretary Finance, Anguilla
  • Increasing CCRIF Insurance Coverage for Tropical Cyclone, Earthquake and Excess RainfallDr. Akiba Reid, Caribbean Risk Managers Ltd., CCRIF Facility Supervisor ~ PDF

Discussion on operationalizing donor support

Outlook of CCRIF 2015-2018 ~ PDF

Discussion on areas of interest by donors and regional partners and possible areas for collaboration

Discussion Points from Meeting and Next Steps ~ PDF
Mr. Milo Pearson

Closing Remarks ~ PDF
Mrs. Faye Hardy, Manager, Treasury Unit, CDB and CDB-nominated Director, CCRIF SPC

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