In accordance with the authority delegated by the Board of Directors at its Two Hundred and Eighty-Third Meeting (Minute 283.27), the President approved a grant to the Caribbean Catastrophe Risk Insurance Facility Segregated Portfolio Company (CCRIF SPC) (formerly the Caribbean Catastrophe Risk Insurance Facility) of an amount not exceeding the equivalent of seven hundred and fifty thousand United States Dollar (USD750,000) from the Special Funds Resources of the Caribbean Development Bank allocated from the Caribbean Action for Resilience Enhancement (CARE) Programme resources to assist CCRIF SPC with financing consultancy services to conduct institutional strengthening of three (3) water utilities to build resilience to climate and disaster risks.