
The World Bank Group says it has a broad package of assistance ready to be mobilised for Jamaica, as the island begins a slow recovery effort following the passage of category five Hurricane Melissa.
Among the measures, the Washington DC-based multilateral is combining quick-disbursing emergency finance, likely what it calls a payout in connection with a World Bank catastrophe bond redeployment of existing project funds and targeted private-sector support through the International Finance Corporation, the WBG’s private sector arm.
“Our teams are also prepared to provide technical advice and implementation support to help Jamaica recover and rebuild stronger, ensuring that reconstruction efforts contribute to long-term resilience and sustainable growth,” explained the group.
The World Bank noted that it is working closely with the Government of Jamaica and international partners, including the Inter-American Development Bank, to carry out a rapid post-disaster damage assessment and help guide immediate relief and recovery efforts.
It also lauded Jamaica for having developed one of the most advanced and comprehensive disaster risk financing systems in the Caribbean, serving as a model for preparedness and resilience across the region.
“This strong foundation will be critical in ensuring a swift and coordinated response to the hurricane’s impacts,” added the World Bank.
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