Jamaica Secures $6.7 Billion International Recovery Package
otherabout 2 months ago

BREAKING: Jamaica has secured a comprehensive $6.7 billion support package over three years from international financial institutions to fund Hurricane Melissa recovery and reconstruction. Funding Breakdown: • CAF: Up to $1 billion for priority areas • Caribbean Development Bank: $200 million for resilient infrastructure • Inter-American Development Bank: $1 billion in sovereign financing • International Monetary Fund: $415 million through Rapid Financing Instrument • World Bank: $1 billion for budget support and investment projects Immediate Response: Jamaica already received $662 million in emergency funds through disaster risk financing framework, including $91M from CCRIF insurance and $150M from World Bank Catastrophe Bond. Private Investment: An additional $2.4 billion in private investment is being mobilized through IDB Invest, IFC, and MIGA to preserve fiscal space and scale recovery efforts. With Hurricane Melissa causing an estimated $8.8 billion in damages, this coordinated international support demonstrates global commitment to helping Jamaica build back better and stronger.

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