The Caribbean Catastrophe Risk Financing Facility – Segregated Portfolio Company (CCRIF SPC) is offering undergraduate and post-graduate scholarships valued at about US$150,000 to Caribbean nationals at universities in Canada, the Caribbean, the UK and the USA.
In a release the CCRIF SPC stated that it is inviting applications for scholarships for 2020/21 to support students pursuing Masters level degree programmes in areas such as disaster risk management (DRM), natural resources management, climate change, civil with environmental engineering, actuarial science, and meteorology, among others. These scholarships, it says, are tenable at universities in the Caribbean, USA, UK and Canada and can be for either online or face-to-face programmes.
The CCRIF SPC is a segregated portfolio company, owned, operated and registered in the Caribbean and developed under the technical leadership of the World Bank and with a grant from the Government of Japan. It limits the financial impact of catastrophic hurricanes, earthquakes and excess rainfall events to Caribbean and Central American governments by quickly providing short-term liquidity when a parametric insurance policy is triggered. It is the world’s first regional fund utilising parametric insurance, giving member governments the unique opportunity to purchase earthquake, hurricane and excess rainfall catastrophe coverage with lowest-possible pricing.
According to organisation, CCRIF will provide at least eight scholarships for postgraduate students. These are broken down as follows:
In addition, at the undergraduate level, CCRIF will continue to provide through the UWI, four undergraduate scholarships per year valued at US$8,000 each (US$4,000 per year for the second and final year) for students registered at one of the UWI’s campuses and pursuing select degrees related to DRM, civil engineering, geography, environmental management etc. Those requiring additional information on the CCRIF-UWI undergraduate scholarships can visit: http://www.ccrif.org/content/programmes/ccrif-uwi-scholarship. Applications for these scholarships are administered directly by the UWI.
The deadline for applications for the 2020 CCRIF Scholarship Programme is June 15, 2020 and all citizens of CARICOM or CCRIF Caribbean member countries are eligible for these scholarships. Persons interested in applying for these scholarships can do so at the CCRIF website: http://www.ccrif.org/content/scholarship.
