Over US$2 billion to aid recovery after Hurricanes Irma and Maria
Belize City, 28 November 2017—Hurricanes Maria and Irma have left a wide swath of devastation through the Caribbean, underscoring the need for greater attention to be given to climate change and disaster risk management. The Caribbean Regional Fisheries Mechanism was among the agencies present at the UN Headquarters in New York for a recent high-level meeting called by the United Nations and CARICOM to attack this challenge head-on.
Dubbed the “CARICOM-UN High-level Pledging Conference: Building a more Climate-Resilient Community,” the event resulted in over US$2 million in pledges to respond to the urgent needs the countries and to offset an estimated US$5 million in recovery costs.
According to information released by the CARICOM Secretariat, the pledges (in US dollars) are as follows: $702 million from The Netherlands, $352 million from the European Union, $140 million from the World Bank, $ 78 million from Canada, $30million from China, $27 million from Mexico, $12 million from Italy, $4.3 million from the United States, $4 million from Japan, $1 million from Kuwait, $2 million from India, $1 million from Venezuela, $1.2 million from Belgium, $1 million from Chile, $500,000 from Denmark, $300,000 from Colombia, $250,000 from Haiti, US$ 250,000 from New Zealand, $200,000 from Brazil, $150,000 from Kazakhstan, $100,000 from Romania, $100,000 from Portugal, and $20,000 from Serbia.
The Inter-American Development Bank pledged U$1 billion in loans, while Italy pledged $30 million in soft loans and Venezuela forgave $1 million in debt for a more resilient Caribbean.
CRFM Executive Director Milton Haughton participated in the technical meeting for the conference held on Monday, 20 November. Meanwhile, Caribbean leaders participated in the ministerial meeting convened on Tuesday, 21 November.
Over 400 attended the high-level meeting organized by CARICOM and the US
CARICOM Secretary-General Ambassador Irwin LaRocque said at the conference which was attended by over 400 high-level representatives of government, private sector, civil society and multilateral agencies that, “the task of rebuilding is beyond us. We cannot do it alone. We need your help.”
He urged that the same collaboration and generosity which marked the relief efforts should continue as the countries go forward to build a resilient Caribbean.
Speaking specifically on the plight of the fisheries sector in affected member states, the CRFM Executive Director underscored the vulnerability of fisheries communities, noting that they have sustained extensive damage and loss throughout the production and distribution chain as a result of the recent hurricanes.
According to Haughton, preliminary damage estimates for Dominica’s fisheries sector stood at roughly US$3 million. The initial assessment for Antigua and Barbuda stood at just over US$316,000. These numbers figures reflect damages mostly to fishing boats and equipment, as well as infrastructure vital to the sector.
The CRFM Executive Director explained that these figures do not include damage to marine ecosystems and habitats (coral reefs, mangroves etc.) or impacts on the fish stocks themselves
Haughton stressed that many fishing communities already subsist in precarious and vulnerable conditions because of poverty and rural underdevelopment, and he underscored the need for adaptations to secure a more resilient future for them.
The widespread use of information technology in establishing early warning systems to share weather information, as well as to share market information, is one form of adaptation.
One important strategy is to spread and reduce risks through the diversification of livelihoods and the provision of risk insurance.
Haughton detailed the Caribbean Ocean Assets Sustainability FaciliTy (COAST), which is a parametric insurance facility designed to incentivize investments in preventative measures that promote both sustainable fish production and adaptation to climate change. It also helps Caribbean States to incorporate climate-smart food security best practices during reconstruction of coastal assets after extreme weather events.
He said that the objective is to provide incentives for the fisheries sector to use climate-smart food security best practices within the region to simultaneously improve food security and coastal resilience in the face of a changing climate.
Belize City, Friday, 20 October 2017 (CRFM)—Several Caribbean countries have been recently devastated by two catastrophic hurricanes, Irma and Maria, underscoring the need for Member States of the Caribbean Regional Fisheries Mechanism (CRFM) to press forward with risk insurance for the fisheries sector—being developed by the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC, formerly known as the CCRIF) in collaboration with the World Bank. This initiative to develop risk insurance for the fisheries sector in CARICOM States is supported by the United States government under the Caribbean Ocean and Aquaculture Sustainability Facility (COAST).
At the 7th Meeting of the CRFM Ministerial Council, hosted in Georgetown, Guyana, on 5th October 2017, policy-makers underscored the need for CARICOM Member States to move ahead with adopting risk insurance that would enable the fisheries sector and fishers to bounce back more quickly after a hurricane strikes. So far, there has been no payout provided specifically for the rehabilitation and recovery of the fisheries sector, although there have been other payouts under the broader umbrella of the CCRIF scheme. Since its establishment in 2007, the CCRIF SPC has made payouts of a little more than US$100 million to 12 of its 17 member countries – all within 14 days of the disaster event.
“Having such an insurance scheme is one of the good things we can do to help fishers get back on their feet as soon as possible after a disaster,” said CRFM Executive Director, Milton Haughton.
The development and implementation of the livelihood protection policy for individual small-scale operators and the sovereign parametric policy for States that the CCRIF SPC is working on, now assumes greater urgency for the sector, the CRFM Executive Director underscored.
Haughton expresses the hope that in light of the destruction and devastation which the recent hurricanes have caused in CRFM Member States such as Antigua and Barbuda, Dominica, Haiti, Montserrat, St. Kitts and Nevis, and Turks and Caicos, that all parties will redouble their efforts to get the risk insurance facilities for the sector established as soon as possible and certainly before the next hurricane season. He said that the insurance policies are being designed to provide quick relief to those fishers who experience distress as a result of disasters such as hurricanes.
A report published by the Fisheries Division of Antigua and Barbuda in September, titled ‘HURRICANE IRMA – PRELIMINARY DAMAGE ASSESSMENT FOR ANTIGUA AND BARBUDA’S FISHERIES SECTOR,” said: “In terms of the impact Hurricane Irma had on fishers and their families, considering the role the sector plays with respect to employment, food security and as a ‘safety-net’ for other economic activities (i.e., occupational pluralism), a total of 778 individuals were affected including 193 fishers and 585 financial dependents… This accounted for 25.5% of the population of Barbuda (1,800) (i.e., one in every four persons) and 0.3% of the population of Antigua (91,440).”
The report notes that there were 37 boats, over 2,000 fish traps, and 17 gill nets destroyed. An aquaponics facility at which fish and vegetables are farmed together suffered minor damage and damages were also reported to some fisheries facilities, such as wharves and public buildings.
The CRFM Secretariat is currently developing a model Disaster Management Plan for the Fisheries Sector of the region to facilitate adequate preparation by stakeholders before disaster events and to ensure speedy, coordinated assessment and recovery efforts after such events.
Over the past 30 years, storms, hurricanes and flooding associated with climate change and climate variability have had devastating impacts on Caribbean people, their property and livelihoods, and on the social and economic development of our region.
As noted in a recent public address delivered by Milton Haughton, the Executive Director of the Caribbean Regional Fisheries Mechanism (CRFM), "Fishers and fishing communities, in coastal areas are particularly vulnerable to natural disasters especially the storms and hurricanes during the hurricane season each year."
The hurricane season opened last month and will run through to November, and fishers and fishing communities, in coastal areas are particularly vulnerable to natural disasters especially the storms and hurricanes duringthis time of the year.
It is in this context that Haughton highlighted an initiative to reduce risk to the fisheries sector in the Caribbean. This is the provision of Risk Insurance for fishers.
On the occasion of Fisherfolk Day, 2017, Haughton detailed the initiative as follows:
"Since 2015, United States Department of State has been partnering with the World Bank, CRFM, the Caribbean Catastrophe Risk Insurance Facility (CCRIF), CNFO, and others to develop a parametric insurance product to be implemented by Caribbean governments to promote the resilience of their fisheries sector against the peril of increasing climate-change related disaster risk," he explained.
According to the CRFM Executive Director, the insurance policy would be structured in a way to provide incentive for governments to promote and implement international best practices in fisheries management and a disaster risk management, but before they purchase the policy, countries would be evaluated to determine how well they are doing in implementing these best practices.
"For example, Countries with good fisheries management systems and disaster risk management plans in place for the fisheries sector would pay lower premiums and receive higher payouts if there is a disaster. Payouts would be made by the insurance facility when the agreed trigger event has occurred," he explained, adding that funds would be used to help with the rehabilitation and reconstruction of the fisheries sector.
"The CCRIF is also in the process of developing a micro-insurance policy for low income persons in the fisheries in the region. This is called the Livelihood Protection Policy (LPP)--designed to protect low-income people against extreme weather risks," Haughton said.
This policy, he explained, will be available through existing insurers.
"The LPP is being customized for small-scale fishers and small aquaculture operators in the region with the intention to cover losses to livelihoods caused by storms, heavy rainfall, high winds and other climate related variables. The policy will provide quick payouts to enable fishers and fish farmers to recover more quickly after a damaging event," Haughton announced.
Executive Director of the Caribbean Regional Fisheries Mechanism (CRFM), Milton Haughton, was the keynote speaker on Thursday, June 29, at the awards ceremony for outstanding fishers in Belize.
The event was organized by the Wildlife Conservation Society along with the CRFM and other NGO partners and the Belize Fisheries Department, as the climax to a month-long observance in celebration of fisherfolk in Belize.
The outstanding fishers were LeoBihildo Tamai – Fisher of the Year for 2017, a career fisher of 30 years who lives in Sarteneja Village in Corozal, northern Belize; Dale Fairweather – a deep sea and lobster fisher of southern Belize; and Eleodoro Martinez, Jr., a fisher of Chunux, also located in Corozal.
“Fisherfolk and fisheries have always been a very important part of Caribbean culture, social life and economies,” Haughton said.
He added that not only do the fisheries produce provide very important sources of food and nutrition; but the sector is also an important source of foreign exchange earnings, employment and livelihood opportunities, particularly for the poor and vulnerable members of society.
“But the livelihoods of fishers, the safety of their communities in the coastal areas, and continued enjoyment of the benefits from the seas and oceans are threatened by climate change, sea level rise, and ocean acidification, among many other challenges,” the CRFM Executive Director said.
For this reason, he added, the theme selected by the United Nations Food and Agriculture Organisation for fisherfolk day 2017 is “Fisheries: contributing to food security in a changing climate.”
“The future we want in the Caribbean is one where fisheries are sustainable, resilient and productive, and are used in a way that promotes economic growth, food security and health, and the prosperity of our people now and in the future,” he asserted, adding that in order to realize the envisioned future, more importance needs to be given to evidence-based decision-making, in order to improve our understanding of the impacts of climate change. This would, in turn, help the region develop adaptation strategies to protect our communities and natural resources.
He warned, though, that, “Lack of appropriate action on climate change today will certainly undermine the achievement of this vision and make the world our children inherit a much more unproductive, insecure and difficult place than we are living in today.”
The region is also grappling with emerging challenges which confront the sector, including the more recent phenomenon of massive quantities of sargassum seaweed in the coastal water.
Haughton said that the sargassum seaweed is returning, and reports are that it is already affecting the Eastern Caribbean.
The first ever Caribbean Marine Climate Change Report Card is now public.
According to the document, "Caribbean fishing is highly vulnerable to climate change, especially those in the Greater and Lesser Antilles. Caribbean fisheries are under threat due to changes in ocean currents and fish distribution, and loss of marine habitats. Coastal erosion is also compromising important fish landing beach sites and increasing intensity of storms together with increased sea level causes damage to fish habitats, fishery access and assets."
Read the full 2017 Report Card in this post or download a copy via the link below.
Belize City, Thursday, 18 May 2017 (CRFM)—The Caribbean Regional Fisheries Mechanism (CRFM) will host the 11th Meeting of its Ministerial Council—the highest ranking decision-making body of the regional fisheries organization—starting at 9:00 a.m. on Friday, May 19, at the Pegasus Hotel in Georgetown, Guyana.
Ministers who hold the portfolio for fisheries from the 17 Member States of the CRFM, or their appointed delegates, are slated to attend the event, at which Guyana is expected to be elected as the new chair of the Council.
Fisheries ministers from across the Caribbean will review ongoing programmes and the status of and trends in the fisheries and aquaculture sector. They will also discuss further actions needed to tackle the pressing challenges facing the sector.
“The 11th Meeting of the Council is taking place against the backdrop of the High Level UN Oceans Forum that will take place in New York from 5-9 June 2017, to review progress on achieving Sustainable Development Goal 14: Conserve and sustainably use the oceans, seas and marine resources for sustainable development,” noted CRFM Executive Director, Milton Haughton.
Haughton said that, “The living marine resources provide employment, income, food and livelihoods, and they are an important component of the tourism product in the region. For these reasons, CRFM Member States have accorded high priority to ensuring proper management and sustainable use of these resources, to provide tangible sustainable benefits to the people of the region.”
The Council also aims to improve the trade and economic performance of the sector while addressing climate change and associated threats.
The Ministerial Council will receive and consider the report and recommendations of the 15th Meeting of the Caribbean Fisheries Forum, the CRFM’s technical advisory body, which was held in Jamaica in March 2017 in preparation for this meeting of the Council.
With the 2017 hurricane season approaching in just a few weeks, the ministers will discuss the Caribbean Risk Insurance Facility for Fishers. The Caribbean Fisheries Forum has endorsed and now recommend for approval by the Ministerial Council, the approach of linking the insurance policy with the Caribbean Community Common Fisheries Policy and the development of Disaster Risk Management Plans for the fisheries sector. They hope that this will incentivize the adoption of best practices for resource management and disaster planning. Countries would pay lower premiums and receive higher payouts after a disaster event if they have disaster risk management plans for the fisheries sector, have established mechanisms to facilitate cooperation among fishers, and are implementing the Common Fisheries Policy.
At the 6th Special Meeting of the Ministerial Council held in October 2016 in Cayman, Fisheries ministers welcomed the progress on the developments of the insurance facilities for the fisheries sector and urged the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF-SPC) to expedite the preparation of the policies and other necessary arrangements, and to launch the policies without delay. Urgent action is needed since threats from climate change and natural disasters, such as hurricanes, pose an ever-present threat to fishers and fish farmers, as well as to food security in the region.
The Ministers will continue to review ways in which the countries can continue to collaborate on developing and implementing comprehensive legislation, protocols and guidelines to ensure fish and seafood safety and security, to expand regional trade and the Caribbean’s access to export markets, as well as to provide the necessary resources and investment to ensure adoption within the context of national governance frameworks.
The Ministers will be asked to approve proposed follow-up interventions to strengthen the linkages between fisheries and tourism and to maximize potential benefits for local fishers and fishing communities, as well as to reduce the growing dependence on imported fish and fisheries products.
CRFM Member States are being urged to address the constraints to sourcing locally produced fish and seafood for the tourism sector, such as inadequate quality assurance, unreliability of supply, inadequate volume, product form and transportation, and lack of communication and information flow between fishers and tourist establishments.
They are also being asked to document the extent to which part-time fishermen are involved in the tourism sector (as tour guides, snorkelers, etc.) and to consider, in the context of promoting alternative or associated livelihoods for fishers focused on the tourism sector, the possibility of fishermen being given first preference to livelihood opportunities in marine protected areas (MPAs).
The Ministers will also consider the preliminary findings and recommendations of a recently concluded study to review the impact of cost factors such as capital, labour, maintenance and energy costs on fisheries operations, in order to identify policy options and strategies to improve efficiency, profitability, sustainability and economic resilience of the sector.
Belize City, Wednesday, 29 March 2017 (CRFM)—Heads of national fisheries authorities from 17 Member States of the Caribbean Regional Fisheries Mechanism (CRFM) will be meeting with observers and partner agencies in Jamaica near the end of this week, for the 15th Meeting of the Caribbean Fisheries Forum, the primary technical deliberative body of the CRFM, for talks on the status of and recent trends in the fisheries and aquaculture in the region and plans for the future to strengthen the sector.
Ahead of the opening the hurricane season in June, the Forum meeting—slated for Thursday, 30 March, and Friday, 31 March, at the Knutsford Court Hotel, in Kingston, Jamaica—will also address measures for adaptation to climate change and disaster risk management in fisheries.
CRFM Executive Director, Milton Haughton, said: “Climate change, sea level rise, ocean acidification and disaster risk management are major challenges facing the fisheries sector and the wider economies of our countries. These issues continue to be high priorities for policy-makers and stakeholders because we need to improve capacity, information base and policy, and institutional arrangements to respond to these threats and protect our future. At this meeting, we will be discussing the USA sponsored initiative to provide risk insurance for fishers, among other initiatives to improve and protect the fisheries sector and ensure food security.”
The Forum will also discuss steps to strengthen cooperation and coordination between fisheries and environment departments, as well as partner organizations, in order to strengthen the conservation of marine species and critical habitats to achieve international biodiversity targets.
Haughton notes that, “Working together to improve the health of the marine environment and protection of vulnerable marine species while improving sanitary and phyto-sanitary systems and quality of fish and seafood, will produce tangible social and economic benefits for fishers and fishing communities. It is time for stakeholders in the fisheries and environment sectors to start working in a more cooperative and constructive manner to address common challenges.”
The Forum will be updated on the progress of technical activities being undertaken by the CRFM, its Secretariat, Member States and network partners, after which it will prepare recommendations on the way forward to be tabled when Ministers responsible for fisheries meet on 19 May in Guyana.
Outgoing chairman, Denzil Roberts, Chief Fisheries Officer of Guyana, will demit office after his 12-month tenure. Participants in the upcoming Fisheries Forum will elect a new chair, vice-chair and executive committee members, who will serve for the programme year, 2017-2018.
Belize City, Wednesday, 18 January 2017 (CRFM)—The Caribbean Regional Fisheries Mechanism (CRFM) and the Government of Norway have launched a two-week mission to explore the development of a regional technical assistance project to be funded by Norway. The project would support the region’s fisheries and aquaculture sector by strengthening evidence-based management.
Dr. Åge Høines, Senior Scientist, Institute of Marine Research, Norway; and Dr. Johán Williams, Specialist Director, Norwegian Ministry of Fisheries and Coastal Affairs, began meeting on Monday, January 16, with CRFM Executive Director Milton Haughton at the CRFM Secretariat in Belize City, after which the team embarked in a two-week dialogue with 7 CRFM Members States, beginning with senior government officials in Belize.
This regional fact-finding mission is being undertaken within the framework of the Memorandum of Understanding (MoU) and Cooperation between the Caribbean Community (CARICOM) and the Ministers of Foreign Affairs of the Governments of the Nordic Countries of Denmark, Finland, Iceland, Norway and Sweden, signed by the parties on 20 September 2016 in New York, USA. That MoU identified fisheries as one of the priority areas of cooperation, along with environment, climate change, renewable energy, gender equality, tourism, education, child protection and welfare, and information technology.
"Norway is a powerhouse in fisheries, globally,” Haughton said. “They have excellent systems for research, data collection, resource management, and making decisions based on science; and we need to move more in that direction—strengthening our systems to be able to make better decisions regarding fisheries conservation and management, as well as fisheries development on the basis of good scientific data and information.”
Haughton added that: “We are interested in drawing on the Norwegian knowledge, expertise and technology in various aspects of fisheries and aquaculture, in building our own capacities in CARICOM in fisheries research, statistics, resource management, aquaculture (particularly mariculture), fish processing, value addition, marketing and international trade.”
Principally, the engagement between Norway and the CRFM Member States will focus of building human resource capacity, institutional capacity, and the accuracy and volume of fisheries data and information, with an emphasis on pursuing the ecosystems approach to fisheries development and management.
While in Belize, Høines and Williams had a chance to dialogue with H.E. Daniel Guiterrez, Belize’s Ambassador to CARICOM; Hon. Omar Figueroa, Belize’s Minister of State in the Ministry of Agriculture, Fisheries, Forestry, the Environment and Sustainable Development and Climate Change, as well as Fisheries Administrator Beverly Wade.
After leaving Belize on Tuesday, the team, joined by CRFM Executive Director Milton Haughton, travels to Haiti for similar dialogue, as they consult with stakeholders in the field to better define their interests. Next, the team will travel to Barbados, Grenada, Trinidad and Tobago, Guyana, and The Bahamas. While in Guyana, they will meet both with fisheries officials there and officials of the CARICOM Secretariat. The technical mission concludes near the end of January.
Haughton noted that for more than 60 years, Norway has been supporting fisheries research surveys in developing countries using the marine research vessel, Dr. Fridtjof Nansen, outfitted with high-level modern technology in marine resource survey. Those vessels have been dispatched in Africa and other parts of the developing world. It is the CRFM’s hope that during the latter half of the proposed project, for the period 2019-2020, the research vessel would be deployed in the Caribbean to conduct surveys to broaden the region’s understanding of the state of its fisheries resources and marine environment. The CRFM also intends to collaborate in this endeavor with the United Nations Food and Agriculture Organization (FAO)/ Western Central Atlantic Fisheries Commission, which is already committed to assisting the region in buildings its fisheries knowledge base.
Belize City, Friday, 13 January 2017 (CRFM)—Through the long-standing partnership between the Caribbean Regional Fisheries Mechanism (CRFM) and the United Nations University Fisheries Technical Programme (UNU-FTP) in Iceland, the University has deployed one of Iceland’s top fisheries data experts to the CRFM Secretariat for a short site-based assignment, to provide operational support and guidance at the country level for improving the management and usage of fisheries data systems.
The visiting expert is Dr. Einar Hjörleifsson, who has been working at the Marine Research Institute, Iceland, since 1996. Dr. Hjörleifsson’s primary role has been data analysis and stock assessment. Over the same time, he has been working at the UNU-FTP in a role as a teacher and student supervisor. During his visit to the Caribbean, Dr. Hjörleifsson will be working under the guidance of CRFM’s Deputy Executive Director, Dr. Susan Singh-Renton.
Dr. Singh-Renton emphasized that, “Dr. Hjörleifsson’s present assignment with the CRFM is intended to allow him to give special ‘on-the-ground’ attention to all aspects of the fisheries data systems in two CRFM countries that have made reasonable investments both for the present and the future of their data systems. Hence, the assignment is expected to build further on such investments.”
CRFM’s Statistics and Information Analyst, June Masters, who will also be working closely with Dr. Hjörleifsson, expects that, “The countries involved will get the opportunity to critically examine their respective fisheries data collection system and make improvements where possible.”
Fortunately, Dr. Hjörleifsson has worked with the CRFM on previous occasions on behalf of the UNU-FTP, to deliver training in statistics and stock assessment to CRFM fisheries professionals, and so he is no stranger to the data challenges in the CRFM countries.
As he began his assignment this week with gathering information on the status of data systems and their usage in the CRFM region, and holding discussions with key informants both at the national and regional levels, Dr. Hjörleifsson indicated that his first aim would be to “enhance skills and increase efficiency in fisheries data analysis and report writing.”
While efforts to improve data management have been sustained over the years through various regional initiatives and also since the founding of the Caribbean Regional Fisheries Mechanism (CRFM) in 2002, data management remains a significant stumbling block for advancing fisheries management goals within the region and globally. Hence, CRFM very much welcomes the present visit by Dr. Hjörleifsson, which will help CRFM States to take a fresh look at an old problem!
Belize City, Belize, Monday, 9 January 2017 (CRFM)—The Caribbean Regional Fisheries Mechanism (CRFM) is hosting a working group meeting at the Ramada Belize City Princess Hotel from 9 – 10 January 2017, to advance the implementation of a risk insurance facility for fishers in the region.
When Fisheries ministers from CRFM Member States met in Cayman in October 2016, they reviewed the progress made towards the activation of the Caribbean Ocean Assets Sustainability FaciliTy (COAST). This week’s working group meeting, which the CRFM is facilitating in collaboration with the US Department of State, will aid in the selection of a representative sample of Caribbean countries in which the initiative will be piloted.
The purpose of this week’s meeting is to chart the steps necessary to qualify a pilot country (or pilot countries) to purchase the COAST insurance product from the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) before the start of the hurricane season on June 1, 2017.
The CRFM notes that, “The COAST insurance scheme will offer an opportunity for countries to buy insurance to help protect their fisheries sector, and hence their food security, from severe weather while promoting resilience to a changing climate and encouraging the conservation of marine environments.”
According to Julia Duncan, who serves in theSecretary of State's Office of Global Food Security, COAST will provide 180,000 fisherfolk and associated industries in the Caribbean access to insurance for losses from severe weather. Duncan said that Jamaica has already expressed interest in COAST, which is also supported in principle by the Council for Trade and Economic Development (COTED), the Caribbean Disaster Emergency Management Agency (CDEMA) Ministerial group, and the Caribbean Network of Fisherfolk Organisations (CNFO), in addition to the CRFM.
The COAST initiative is being implemented within the context of the Caribbean Community Common Fisheries Policy (CCCFP), which provides a useful framework for considering the requirements for country-led, climate-smart food security strategies in the fisheries sector.
The CRFM is the lead implantation agency for Caribbean states. The regional fisheries body is uniquely positioned to lead efforts to verify country-led plans and support the implementation of best practices for climate-smart food security in the fisheries sector. International organizations such as the United Nations Food and Agricultural Organization (FAO) and The Nature Conservancy are lending their technical support. All collaborating agencies were invited to attend the working group meeting.
Joining CRFM Secretariat staff members, US State Department personnel and officials of the US Embassy in Belize at the COAST meeting in Belize, are representatives of the World Bank, which has supported CCRIF SPC, a Cayman-based agency serving 17 Caribbean nations and Nicaragua, in the creation of the COAST insurance product.
According to the CRFM, the World Bank also ensures that the project meets the development objectives outlined by the financial donors – the US Department of State – including incentivizing risk reduction and coordinating disaster management.