“…we call upon the IMF and World Bank Group to further enhance the Caribbean Catastrophe Risk Insurance Facility (CCRIF), and to facilitate greater access to fi nancing for climate change mitigation and adaptation.” Hon. Audley Shaw, Minister of Finance, Jamaica, in his address at the 2010 IMF and World Bank Group Annual Meetings

“Anguilla’s membership in CCRIF has brought signifi cant benefi ts to the island, the major one being to make the Government of Anguilla as robust as possible to natural . . . disasters, with enhanced ability to respond after a major disaster event.”

“Later this year, world leaders will gather in Warsaw for the United Nations’ Climate Change Conference, and the agenda will include regional risk pools. Any effective mechanism for adapting to climate change needs to provide timely and reliable funding linked to weather events. Fundamentally this is an insurance proposition. The ARC and its Caribbean sister institution, the Caribbean Catastrophic Risk Insurance Facility (CCRIF), stand at the forefront of this effort.”

“CARICOM’s wisdom and foresight were evident in the creation of the Caribbean Catastrophe Risk Insurance Facility (CCRIF) whose prompt payout to Haiti turned out to be one of the signifi cant sources of fi nancing in this, Haiti’s hour of need.” Amb. Edwin Carrington, former CARICOM Secretary- General, speaking at the 2010 COFAP meeting

“This contribution to the Treasury comes at a good time and will no doubt help us recover from the impacts of these rains. The funds will go into the Consolidated Fund but we will arrange for the Ministry of Public Works to be able to use the resources for necessary repair work.” Mr. Martin Cox, Director of Finance and Economic Affairs, Barbados, speaking in 2014 on CCRIF’s payout of US$1.28 million under that country’s excess rainfall policy

“…the full impact of this reduction was however not felt due to the receipt of the insurance payout from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) for the damage caused by Tomas during the month of November 2010.” Hon. Christopher Sinckler, Minister of Finance and Economic Affairs, Barbados in his Financial Statement and Budgetary Proposals for 2011 delivered to Parliament, which indicated that fiscal revenues for 2010-2011 had decreased

“After exploring options for engaging in sovereign disaster risk fi nancing, Central American countries concluded that joining the CCRIF SPC facility was the most effi cient and cost-effective insurance mechanism to pool our risk. This will allow us to reduce our countries’ fi scal vulnerability to the adverse effects associated with earthquakes, tropical cyclones, excess rainfall and other events.”

“For Nicaragua, it is an honor to be the fi rst member of COSEFIN countries to join the CCRIF. This insurance will allow us to strengthen fi nancial resilience to natural disasters and continue our efforts to reduce poverty and respond to climate change challenges as part of our National Human Development Plan.”

“This cheque will be going directly to strengthening and rebuilding our agriculture sector and to paying for some of the costs that we have.” Hon. Allen Chastanet, Prime Minister, Saint Lucia, speaking about the CCRIF payout of US$3.8 million to Saint Lucia following Tropical Storm Matthew

“The early response to the aftermath of Matthew as well as the supportive facility put in place to help resource the required recovery and rebuilding effort also underline the critical importance of the regional institutional frameworks established by the Community, CDEMA and the Caribbean Catastrophe Risk Insurance Facility (CCRIF) which has already processed payment to two of the affected countries, Barbados and Haiti.”