Caribbean budgets need disaster insurance

The natural-disaster-prone economies of the Caribbean need insurance to reduce the vulnerability of their public finances and improve debt sustainability, a new IMF working paper says.

The paper also estimates the appropriate level of insurance. In the case of Belize, which the study focuses on, a maximum coverage of $120-mn per year is found to be optimal.

"International institutions such as the World Bank and the Inter-American Development Bank can play a role in assisting countries to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: