The European Commission and the World Bank signed today a Euro 14 million agreement to be executed by the Multi-Donor Trust Fund (MDTF) to facilitate access to low cost, high quality catastrophe risk insurance for the governments of Central American countries and the Dominican Republic.

This contribution will support these countries become formal members of CCRIF SPC, formerly the Caribbean Catastrophe Risk Insurance Facility, a multi-country program that allows its current 17 members to pool risk and access disaster insurance coverage at low cost, and better manage and finance disaster risk.