Tag Archives: Catastrophe Fund

Grenville Phillips – Please Do Not Drop Our Bone

In 2010, Barbados was impacted by Tropical Storm Tomas. It caused at least $57M in damage to approximately 1,200 houses in Barbados. By that time, our national Catastrophe Fund had grown to $23M, but it was not used. When commenting on the unplanned additional expenditure, former Prime Minister Stuart declared: “I have to confess that I was flabbergasted at the

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