Financing and Planning for Disaster Risk Management in Caribbean Small Islands Developing States
The Caribbean is considered one of the most disaster-prone regions in the world. Indeed, the financial impact of disasters such as hurricanes on Caribbean Small Island Developing States (SIDS) is invariably several times greater than their gross domestic product (GDP). Governments of the subregion therefore must continue to seek innovative approaches to mobilize both domestic and external sources to finance their sustainable development and resilience efforts.…