Belize, Barbados, and Jamaica are facing economic challenges, leading to negotiations on concessional financing and climate resilient debt clauses with the World Bank.
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Updated Jul 1
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What happened
Belize, Barbados, and Jamaica are facing economic challenges, leading to negotiations on concessional financing and climate resilient debt clauses with the World Bank.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Amidst the aftermath of Hurricane Melissa, Jamaica secured J$120 billion in multilateral borrowing while Barbados tested CRDCs through sovereign bond restructurings.Sub-event
- S&P issued a sovereign credit assessment for Belize on August 19, 2026.Sub-event
Financial institutions are helping the region address economic shocks caused by global conflicts.1 source
Keep exploring
Part of
The World Bank assessed the economic damage to Jamaica.Also in this story
- World Bank data tracks Jamaica's economic stability.
- A special economic zone framework was re-established to enable export industries, amid reports of a widening trade deficit and the failure of misaligned SEZs.
The entities involved
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Belize
sovereign state in Central America
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Barbados
island nation in the Caribbean
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Jamaica
island state in the Caribbean Sea
Related events
- Jamaica is facing economic strain due to El Niño-driven drought, leading to affirmations of sovereign credit ratings by S&P Global.
- CDB is providing financing for resilience projects in Trinidad and Tobago, while GCF funds projects in Belize, with CMO involvement in both countries.
- The Inter-American Development Bank arranged a sovereign parametric catastrophe swap for Belize.
- Jamaica is seeking international financial assistance from the Inter-American Development Bank to aid in the country's recovery efforts.
- Puerto Rico and Jamaica are facing shared vulnerabilities due to climate change, specifically regarding drought conditions.