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Security & Strategic Review - November 2020

REGION: Disaster-hit Caribbean moves up US agenda

A report released in October jointly by SOAS University of London, Asian Development Bank Institute, World Wide Fund for Nature (WWF), and Four Twenty Seven on Climate Change and Sovereign Risk highlights the particular vulnerability of the Caribbean to natural disasters, and by implication to heightened sovereign risk. The most-telling finding for the Caribbean is that of the 20 natural disasters in the past 20 years that have caused damage to countries equivalent to 10% of GDP or more, eight were located in the English-speaking Caribbean, with three more located in Honduras, Haiti, and Nicaragua to bring the number for the Caribbean and Central America to 11, over half of the total.

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