World Bank and European Commission back CCRIF

The World Bank and European Commission have agreed a EUR14mn
($15.8mn) deal to back the Caribbean Catastrophe Risk Insurance
Facility (CCRIF).
The scheme provides affordable catastrophe protection to weaker
economies in Latin America and the Caribbean that may otherwise not
secure open-market coverage.
The European Union is just the latest donor to the scheme. So
far, the US and Canadian governments have donated around $24mn.
The money will be used to support the countries' ascension
to become p