General / Weekend News

CCRIF SPC giving opportunities to Belizean environmentalists

By Benjamin Flowers, Staff Reporter

Belizean environmentalists have until May 25 to take advantage of the grant funding and internship opportunities being offered by CCRIF SPC, (formerly the Caribbean Catastrophe Risk Insurance Facility).

The organization is calling for applicants from Caribbean Community (CARICOM) countries and CCRIF member countries that either have project proposals or want work experience in the area of disaster risk management.

Through the Small Grants Programme, the organization will provide funding for disaster risk and climate change adaptation projects, ranging from US$5,000 to US$25,000.The Regional Internship Programme is designed to give vital work experience to students in disciplines such as: disaster risk management, environmental management, meteorology, climate studies; civil engineering management studies, with a focus on risk management, environmental economics goography/geology, and actuarial science.

Through collaborations with organizations such as the Caribbean Development Bank (CDB), Caribbean Disaster and Emergency Management Agency (CDEMA), Caribbean Community Climate Change Centre (CCCCC), Caribbean Institute of Meteorology and Hydrology (CIMH) and the University of the West Indies (UWI) among others, the CCRIF will dedicate up to US$75,000 for a maximum of 10 internships each year. The first interns will be placed in summer 2015.

Interested applicants are advised to visit the CCRIF SPC website for application guidelines.

In 2007, the Caribbean Catastrophe Risk Insurance Facility was formed as the first multi-country risk pool in the world. It was designed as a regional catastrophe fund for Caribbean governments to limit the financial impact of devastating hurricanes and earthquakes by quickly providing funds when a policy is triggered

In 2014, the facility was restructured into a segregated portfolio company (SPC) to facilitate expansion into new products and geographic areas and is now named CCRIF SPC (CCRIF). The new structure, in which products are offered through a number of segregated portfolios, allows for total segregation of risk.

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