The Community Disaster Risk Reduction Trust Fund was established by the Caribbean Development Bank (CDB) with grant financing from the Department of Foreign Affairs, Trade and Development, Canada and the Department for International Development, United Kingdom. The Fund finances community-based disaster risk reduction (DRR) and climate change adaptation (CCA) initiatives at the local level across eligible borrowing member countries of the CDB.
The physical and geographical features of Caribbean countries, as small island developing states and coastal territories, make communities throughout the region highly vulnerable to climate change and extreme weather events such as floods, landslides, storms, droughts, hurricanes, storm surges, and heat waves.