NADALEEN SINGH

An­guil­la is ex­pect­ed to re­ceive in ex­cess of TT $24 mil­lion from the Caribbean Cat­a­stro­phe Risk In­sur­ance Fa­cil­i­ty (CCRIF)for dam­age wrought by trop­i­cal cy­clone Earl which brushed the is­land on Au­gust 30.

In a state­ment is­sued yes­ter­day CCRIF said, "Based on pre­lim­i­nary cal­cu­la­tions un­der­tak­en us­ing CCRIF's cat­a­stro­phe loss mod­el and the most re­cent da­ta from the Na­tion­al Hur­ri­cane Cen­ter, An­guil­la will re­ceive just over US$4 mil­lion."

The state­ment added that the CCRIF hopes the fund will ad­dress the im­me­di­ate needs.

Al­ready the CCRIF has part­nered with the Caribbean In­sti­tute for Me­te­o­rol­o­gy and Hy­drol­o­gy and dis­as­ter man­age­ment of­fi­cials in An­guil­la to col­lect in­for­ma­tion rel­e­vant to haz­ard and risk as­sess­ment there.

"CCRIF is al­so en­gaged in sup­port­ing the col­lec­tion of ac­cu­rate post-im­pact in­for­ma­tion in or­der to bet­ter un­der­stand the chal­lenges faced," the state­ment said. Six­teen gov­ern­ments are CCRIF sig­na­to­ries in­clud­ing An­guil­la. The fund is de­signed to quick­ly pro­vide short-term liq­uid­i­ty in emer­gen­cies.