US EditionBillions of Dollars Being Provided to Help Jamaica Recover From Hurricane Melissa
The $6.7 billion aid package includes $3.6 billion in government financing and up to $1 billion each from major development banks for rebuilding after Hurricane Melissa.
- Jamaica secured up to $6.7bn from international agencies, including CAF, IMF, World Bank, CDB and IDB, to fund reconstruction over the next three years.
- Hurricane Melissa unleashed 76cm of rain, spreading nearly five million tonnes of debris and causing damage estimated at $10bn, with an official death toll of 32 in Jamaica.
- Government financing of up to $3.6bn anchors the recovery package, with CAF, the Inter-American Development Bank and the World Bank each providing up to $1bn.
- Comprehensive recovery planning is already underway, focusing on critical priorities and reinforcing Jamaica’s resilience while international partners support communities rebuilding infrastructure and services with long-term investments.
- The storm ranks as the strongest to strike Jamaica in over 170 years, with damages estimated at $10bn, equal to about 30 percent of Jamaica’s GDP, the United Nations Development Programme said.
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The Caribbean island had been particularly affected by the hurricane in late October-early November, "the worst climate disaster" in the country's history, according to a UN representative on the spot.
The Columbian
Billions of dollars being provided to help Jamaica recover from Hurricane Melissa
A month after Hurricane Melissa devastated Jamaica and left billions of dollars in damage in its wake, international financial institutions are making up to $6.7 billion available to help the island-nation in its recovery and reconstruction. Read more...
Jamaica secures US$6.7B over three years in international support for recovery and reconstruction following hurricane Melissa
WASHINGTON, USA — Following hurricane Melissa and at the request of Jamaican prime minister Andrew Holness, CAF – Development Bank of Latin America and the Caribbean, the Caribbean Development Bank (CDB), the Inter-American Development Bank Group (IDB Group), the International Monetary Fund (IMF), and the World Bank Group (WBG) have jointly assembled a comprehensive package of up to US$6.7 billion over three years to strengthen Jamaica’s recover…
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