Caribbean Ocean and Aquaculture Sustainability Facility (COAST) Grant
••••• organisation
An organisation based in Cayman Islands
COAST is a parametric insurance product designed to protect fisherfolk, boat captains, crew, and fish vendors in Caribbean countries against climate and disaster-related losses in the fisheries sector. The facility provides microinsurance coverage and is currently available to Saint Lucia and Grenada through a partnership between a regional catastrophe-risk facility, the World Bank, a US government agency, and a regional fisheries commission.
About this grant
A sovereign parametric insurance product for fisheries sectors in Caribbean governments, functioning as microinsurance for fisherfolk, boat captains, fish vendors and crew. Currently offered to Saint Lucia and Grenada, developed in partnership with the US Department of State, World Bank, and Caribbean Regional Fisheries Mechanism.
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Frequently asked questions
- Who can apply for Caribbean Ocean and Aquaculture Sustainability Facility (COAST)?
- Eligibility covers organisations in LC, GD, LATAM; local-authority, nonprofit. The full eligibility conditions are part of the Pro detail.
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