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  • Barbados Payout
    CCRIF Makes Payout of US $5.8 Million to the Government

    Bridgetown, Barbados, October 22, 2018. On Friday October 19th, Barbados Prime Minister Honourable Mia Amor Mottley met with CCRIF CEO Mr. Isaac Anthony, Deputy Chairperson Mrs. Desirée Cherebin and Board member Mrs. Faye Hardy at a short ceremony to mark the payout by CCRIF to the Government of Barbados following the passage of Tropical Storm Kirk in October. The payout of US$5.8 million – or BDS$11.6 million – was made under the country’s Excess Rainfall policy and was made within 14 days of the event.

  • Enhancing banks’ and insurers’
    Enhancing banks’ and insurers’ approaches to managing the financial risks from climate change

    In this consultation paper (CP), the Prudential Regulation Authority (PRA) seeks views on a draft supervisory statement (SS) on banks’ and insurers’ approaches to managing the financial risks from climate change (see Appendix).

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  • Vulnerable Economies Call for Accelerated Financial Shift
    Vulnerable Economies Call for Accelerated Financial Shift

    Bali, 14 Oct 2018–  Finance Ministers from the V20 Group of climate vulnerable countries today sought large-scale changes to global finance flows, saying the funding shift needs to happen sooner, covering far larger amounts that can help protect economies from the worsening impacts of climate change. Convening at the World Bank-IMF Meetings in Bali, V20 countries said “the need to unlock investments for ambitious climate action is not only urgent but an absolute necessity given combined impacts from economic and climatic threats.”

  • The global battle to reduce the impact of disasters
    The global battle to reduce the impact of disasters

    The importance of raising public awareness about disaster risk has been highlighted in tragic fashion by the latest earthquake and tsunami to strike Indonesia.

    The huge death toll follows the loss of some 600 lives in the August earthquakes on Lombok, a popular destination for many Australian tourists.

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  • Global Risk Financing Facility
    Global Risk Financing Facility

    The governments of Germany and the UK, with support from the World Bank, are establishing a new Global Risk Financing Facility (GRiF) to pilot and scale up support to strengthen the resilience of vulnerable countries to climate and disaster shocks.

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