Belize Receives 805,794 Dollars for Excessive Rains in November

The Government of Belize has received a payout of eight hundred and five thousand, seven hundred and ninety-four dollars in response to the heavy rains experienced in November. From November 16th to 18th, Tropical Storm Sara brought intense rainfall to Northern Belize, causing significant water damage to roads and buildings. To help with these damages, a new policy under the Caribbean Catastrophe Risk Insurance Facility (C.C.R.I.F.) called the Wet Season Trigger will provide relief payments to Belize. This policy allows C.C.R.I.F. to cover excess rainfall events when the soil is already saturated from previous rains, targeting flooding and landslide risks. Although the rainfall from Tropical Storm Sara didn’t meet the specific conditions to trigger the rainfall policy, the wet period starting on October 20th and the rain in November met the policy’s requirements. Minister of State in the Ministry of Finance, Christopher Coye, said, “The Government of Belize welcomes the timely payout generated under the Wet Season Endorsement attached to the C.C.R.I.F. Excess Rainfall policy resulting from the passage of Tropical Storm Sara. Our response to recovery efforts will certainly be supported by this disbursement.”