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| Background | ||||
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Subsequent to this, the Plan of Action of Margarita adopted by the 3rd Summit of ACS Heads of State and/or Government in December 2001, included the mandate to perform a study on the possibility of creating mechanisms to identify sources of reimbursable and non-reimbursable financing, as well as the requirements for effective management with respect to international organisations, so that the ACS Member States and Associate Members affected by disasters could channel funds toward the areas of restoration and reconstruction. During the 4th Meeting of the Special Committee on Natural Disasters (Guatemala, March 2002), a proposal was put forward for a feasibility study to be performed on the creation of a Regional Post-Disaster Fund in the ACS, which was completed at the 4th Meeting of the Technical Work Group of the Special Committee on Natural Disasters (Dominican Republic, June 2002). The Study was financed
with funding provided by the United Kingdom and the Republic of Korea.
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| Objective of the Study | ||||
The objective of the Feasibility Study was to determine the viability of ACS Member Countries establishing a Post-Disaster Fund that would support the Greater Caribbean in priority areas such as post-disaster reconstruction, bearing in mind the reduction of risks and also investments destined for technical and scientific studies on vulnerability assessment and reduction, locally as well as regionally. |
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Association of Caribbean States ©
2007 |