St Lucia reports significant losses in agriculture due to Hurricane Elsa – Jamaica Gleaner

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CASTRIES, St Lucia, July 5 – Prime Minister Allen Chastanet says the island suffered losses estimated at EC$34 million when Hurricane Elsa handed Shut to the island on Friday.

Chastanet, in a radio And tv broadcast on Sunday Evening time, said that the agriculture sector was severely influenceed.

“The biggest quantity Of damage was in agriculture,” said Chastanet, flanked by Infrastructure Minister, Stephenson King, and Agriculture Minister, Ezechiel Joseph.

He informed the nation that Hurricane Elsa had additionally damaged a quantity of homes collectively with the state-owned enterprise Inside The center of the capital, Castries.

However he said that the evaluation Continues to be ongoing and that a extra right picture will emerge Afterward Monday.

He said he has already acquired information from the Cayman Islands-based mostly Caribbean Disaster Hazard Insurance coverage Facility (CCRIF), and that St Lucia Will not acquire An monumental payout.

CCRIF is a segregated portfolio agency, owned, operated, and registered Inside the Caribbean.

It limits the monetary influence of catastrophic hurricanes, earthquakes and extra rainfall occasions to Caribbean and Central American authoritiess by shortly offering brief-time period liquidity when a parametric insurance coverage is triggered.

It is the world’s first regional fund utilising parametric insurance, giving member authoritiess the distinctive alternative To buy earthquake, hurricane and extra rainfall catastrophe safety with lowest-potential pricing.

“Greater than probably simply the deductible that We now have which is about US$130,000,” Chastanet said, including “so it Signifies that the Ministry of Finance is already Looking for methods to reallocate current funds To have The power To assist in getting the Ministry of Agriculture again on monitor And positively, working with the Ministry of Infrastructure, in Dealing with some quick wants.

“Actually The huge one Can be the Ministry of Education And by way of the Ministry of Equity, A pair of of The particular person households, notably the extra weak in our society,” he said.

In the meantime, a authorities assertion has famous that at A gathering of Cupboard over the weekend, the Nationwide Emergency Administration Group launched an preliminary damage evaluation of the state of affairs.

“Our ideas and prayers proceed to be with all these affected by the hurricane. Fortunately, we have been spared The complete brunt of the system. Our meeting is To buy a full picture from All of the federal authorities businesses of the damage Throughout the island.

“I’ve gotten A primary-hand view Of A pair of of In all probability the most affected areas and all the ministers and parliamentary recurrentatives have additionally been out Regionally assessing the state of affairs,” the assertion quoted Chastanet as saying.

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