- Overview
- Agenda
- Speakers
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The Caribbean continues to face some of the world’s most severe environmental risks—hurricanes, floods, volcanic eruptions, and coastal pressures that can erase progress within hours. Over the past decade, the region has begun shifting from reactive recovery to proactive resilience. Governments, regional institutions, and development partners have been building a comprehensive system that strengthens not only physical infrastructure but also financial, institutional, and social frameworks capable of anticipating and absorbing shocks.
A Systemic Approach to Resilience
Regional facilities—such as the Caribbean Regional Resilience Building Facility and the Canada–Caribbean Resilience Facility—are supporting governments to design resilient infrastructure, strengthen public financial management for shocks, and improve disaster risk management systems. World Bank knowledge, including the Analytical initiatives the “360° Resilience” framework and Country Climate and Development Reports reinforce that resilience must integrate physical assets, fiscal preparedness, social protection, institutional capacity, and community engagement.
Strengthening Financial Resilience
Caribbean governments now draw on a diversified mix of instruments—including Cat DDOs, contingent emergency components, rapid response mechanisms, catastrophe bonds, parametric insurance through CCRIF, and Climate Resilient Debt Clauses—to ensure quick access to liquidity after disasters. These tools, combined with stronger fiscal frameworks and integrated climate budgeting, are reducing delays and enabling faster, more organized responses. Recent examples show these tools in action. When Hurricane Melissa struck Jamaica just a few months ago, the country secured nearly US$92 million in CCRIF payouts within days, alongside a US$150 million payout from its parametric catastrophe bond. This immediate liquidity allowed Jamaica to respond without new borrowing or lengthy negotiations—demonstrating how modern financial tools can complement traditional community solidarity. Sint Maarten’s post–Hurricane Irma recovery similarly demonstrates how long-term investments—rebuilding essential infrastructure, strengthening building codes, modernizing emergency operations, expanding social protection, and establishing a Disaster Reserve Fund—can transform initial recovery into sustained resilience and proactive risk reduction.
Different Paths Across the Region
Across the Caribbean, countries are tailoring resilience tools to their unique vulnerabilities: Grenada use of a Cat DDO after Hurricane Beryl, Barbados’ adoption of Climate Resilient Debt Clauses ahead of landfall, and Saint Vincent and the Grenadines utilization of social protection and infrastructure investments to catalyze recovery each illustrate the diversity of approaches. Sector-level progress is also emerging, from climate-smart agriculture and fisheries strategies to stronger hydromet networks and adaptive social protection systems.
Caribbean Resilience in Action – From Recovery to Readiness will bring together policymakers, technical agencies, regional bodies, civil society, private-sector partners, and development institutions to reflect on lessons learned and shape the next phase of resilience. Ultimately, the region’s resilience journey is about more than rebuilding—it is about designing financial, institutional, infrastructural, and social systems that enable Caribbean countries to face future shocks with greater strength, unity, and readiness.
11:00 a.m. |
Event Opening Moderator: Jared Mercadante, Senior Disaster Risk Management Specialist, World Bank |
11:03 a.m. |
Welcome Remarks Lilia Burunciuc, Director for Caribbean Countries, World Bank |
11:08 a.m. |
Caribbean Resilience Presentation Presenter: Artessa Saldivar-Sali, Senior Infrastructure Specialist, World Bank |
11:23 a.m. |
Panel Introduction · Elizabeth Riley, Executive Director, CDEMA · Caroline Mahfood, Executive Director, GK Foundation |
11: 25 a.m. - 11:45 a.m. |
Panel Discussion + Q&A Session |
12:05 p.m. |
Event Closing
Closing Remarks and Key takeaways (moderator) |
Date: January 27, 2026
Time: 11:00 AM - 12:30 PM ET
Location: Zoom
Virtual:
Event Contact:
wbcaribbean@worldbank.org