Banco Mundial en America Latina y el Caribe 3d ago

Across the Caribbean, hurricane season tests families, communities, and national budgets every single year. This short film travels to Saint Lucia and Saint Vincent and the Grenadines to hear how people prepare on the ground — securing roofs, storing water, looking out for elderly and vulnerable neighbours — and how their governments prepare on the balance sheet, through a financing tool called the Catastrophe Deferred Drawdown Option (CAT DDO). A CAT DDO is a contingent line of credit from the World Bank. The idea is simple: the financing is arranged before disaster strikes, so that the moment a government declares a national emergency, pre-approved funds can be released — in Saint Vincent and the Grenadines' case, within 24 to 48 hours of an eligible shock being verified. That speed is the difference between scrambling for liquidity and moving straight to recovery. Chapters 0:00 — Preparing your home and your community 0:29 — Storing water and supplies before the storm 0:43 — Early warning and what the CAT DDO means for Saint Lucia 1:17 — A proven payout: Saint Vincent and the Grenadines Subscribe and turn on the bell so you don't miss any videos 🔔 https://www.youtube.com/channel/UCL3oW57RidVzF7oTPoaybkw?sub_confirmation=1 You can also follow us on our other social channels so you don't miss anything: Twitter: https://twitter.com/BancoMundialLAC Facebook: https://www.facebook.com/Caribbean/ Instagram: https://www.instagram.com/bancomundial/