As the Government of
CDB has paid
CDB received the commendation at a meeting in
The Finance Minister said approximately 50% of the payment remains to be spent. Part of the payment from CCRIF has so far been used to provide food and shelter to at least 1.4 million persons who were adversely affected and displaced by Matthew.
Bastien said that the money has also been used to purchase medication especially for children, tarpaulins for houses - some 18,000 houses in the South were without roofs--and also for the actual replacement of roofs for schools, churches and courthouses.
The CCRIF payout has also been used to assist the agriculture sector and the
CCRIF is the world's first multi-country risk pool based on parametric insurance and provides parametric catastrophe insurance for