Prime Minister, Allen Chastanet, welcomed an EC$10.2 million payout made by the CCRIF SPC (formerly Caribbean Catastrophe Risk Insurance Facility).
The Prime Minister assured that the cheque will be going directly to strengthening and rebuilding the Agricultural sector and to paying for some of the costs that the government has. The Government has also put in emergency requests through the World Bank and also the EU to receive funding to be able to implement redevelopment programmes. Following the passage of Tropical Storm Matthew, CCRIF SPC is making payouts totaling almost US$8 million to impacted member countries.
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