McKenzie wants review of Jamaica's relationship with CCRIFWednesday, June 22, 2016
KINGSTON, Jamaica — Minister of Local Government and Community Development, Desmond McKenzie, has suggested that accessing benefits from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) should be addressed in Jamaica’s review of its relationship with its Caricom partners.
Speaking in the House of Representatives’ current Sectoral Debate on Wednesday, McKenzie said that he has concerns about the arrangements between the current and previous administrations and the CCRIF.
He said that he has requested that when former Prime Minister Bruce Golding takes on his review of Jamaica’s relationship with Caricom, that the issue be included for examination.
“It is an insurance scheme involving Caricom member countries and some Caribbean territories, which is supposed to provide cover for countries hit by natural disasters. However, the requirements for assistance are so stringent that, in order to benefit, an affected country would apparently have to be suffering the 10 plagues brought upon Egypt, as recorded in the book of Exodus,” McKenzie said.
“Jamaica has not received a payout from the CCRIF since its inception in 2007. Not even the damage inflicted by Hurricane Sandy in 2012 was sufficient to trigger an insurance payout,” the minister said.
He said that Jamaica has clear provision for a national disaster fund in the Disaster Risk Management Act, and should consider whether the over $460 million paid yearly as an insurance premium to the CCRIF should not be placed in the fund.
Prime Minister Andrew Holness announced in May, that Golding would head a Caribbean Community (Caricom) Review Commission to be appointed by the Government to fully assess the benefits, opportunities and challenges of Caricom, for Jamaica to get the full benefits that membership promises.
Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at https://bit.ly/epaper-login