- The World Bank assessed the economic damage to Jamaica.
- Belize, Barbados, and Jamaica are facing economic challenges, leading to negotiations on concessional financing and climate resilient debt clauses with the World Bank.
Amidst the aftermath of Hurricane Melissa, Jamaica secured J$120 billion in multilateral borrowing while Barbados tested CRDCs through sovereign bond restructurings.
1 report, 1 independent
Updated Sep 7
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What happened
Amidst the aftermath of Hurricane Melissa, Jamaica secured J$120 billion in multilateral borrowing while Barbados tested CRDCs through sovereign bond restructurings.
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Related events
- Jamaica government raised US$1 billion from capital markets and used the proceeds for budgetary financing.
- Jamaica received a grant from the World Bank, and Andrew Holness defended the government's spending in the country.
- Venezuela and Jamaica exchanged humanitarian aid following Hurricane Melissa.
- The World Bank is providing financial backing for projects in Jamaica, which are being executed by the Jamaica Social Investment Fund.
- Hurricane Melissa battered Jamaica while El Niño worsened drought, prompting Jamaican representatives to discuss climate financing at UNEP.