MOU with Association of Caribbean States (ACS)

CCRIF and the Association of Caribbean States (ACS) signed a memorandum of understanding on September 4, 2017 at the 25th meeting of the Special Committee for Disaster Risk Reduction in Port of Spain, Trinidad and Tobago.

The ACS is a product of the desire of the 32 Contracting States, Countries and Territories of the Greater Caribbean to enhance
cooperation within the region, an initiative aimed at building upon obvious geographic proximity and well documented historical linkage. The objectives of the ACS are based on regional cooperation and integration to achieve an enhanced economic space, preserving the environmental integrity of the Caribbean Sea which is regarded as the common patrimony of the peoples of the region, and promoting the sustainable development of the Greater Caribbean.

At the signing of the MOU, Secretary General of the ACS, Her Excellency Dr. June Soomer stressed that “the Association must strive to produce impactful work within the area of disaster risk management so as to remain relevant to its Member States and beneficiaries”.

The membership of the ACS and CCRIF overlap, with 13 member countries in common. This MOU will enhance and strengthen the understanding of each other’s mandates amongst each entity’s core stakeholders and facilitate the exchange of experiences, lessons learned and best practices in disaster risk management, risk transfer and insurance within the context of advancing sustainable development in the wider Caribbean region. The partnership will introduce robust solutions for disaster risk financing and insurance such as those CCRIF provides to protect and increase fi nancial resilience in both the public and private sectors throughout the region.