Drought and flood risks appear to be the Region's most persistent natural hazards based upon the responses received by the Caribbean Development Bank's (CDB) Caribbean Disaster Risk Reduction Fund's (CDRRF) in its second call for proposals. In July 2014, the CDRRF invited non-governmental organisations, community based organisations, regional and national research institutions, and government agencies to submit proposals for community-based disaster risk reduction and climate change adaptation projects. 45 concept notes were received from applicants in 13 of CDB's Borrowing Member Countries (BMCs). 20 of these concept notes met the screening criteria which assessed eligibility, completeness, and project feasibility, and the applicants were invited to submit Project Application Documents (PADs). PADs were received from 15 applicants representing eight BMCs. CDRRF Project Manager, Leslie Walling revealed that most of the proposals sought to address drought and flood risks. "Based on the types of eligible project proposed by communities across the Caribbean, drought and flood risk (too little or too much water) appear to be the most persistently challenging natural hazard risks with which communities are currently coping. 12 of the 15 PADs focused on one or more of the following areas: drought risk reduction for food security flood risk reduction through drainage enhancement, ecosystem restoration or impoundment, water capture-storage-distribution for food security and human consumption, and community disaster shelter." PADs were also received for projects related to; shelter-in-place, land stabilisation, and coastal protection. Mr. Walling notes that the next step in the process involves the review of the PADs by CDRRF and other CDB Specialties for quality and completeness, with the most competitive PADs submitted to the Fund's Project Technical Review Committee (PTRC) for appraisal. The USD 23.5 million CDRRF was established with joint financing from Canada's Department of Foreign Affairs, Trade and Development - formerly known as the Canadian International Development Agency - and the United Kingdom's Department for International Development. Grants will range in value from USD 400,000 to USD 650,000.