Contingent Loan for Natural Disaster Emergencies - Support for the Response to Hurricane Melissa
The general development objective is to help mitigate the impact that a severe or catastrophic natural disaster could have on the country's public finances. The specific development objective is to improve the financial management of natural disasters by increasing stable, cost-efficient, and rapidly accessible contingent financing to cover extraordinary public expenses aimed at assisting the population affected by natural disasters. This financing will support government response actions to Hurricane Melissa.

Project Detail

Country

Jamaica

Project Number

JA-L1099

Approval Date

July 1, 2026

Project Status

Implementation

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

RISK FINANCING

Lending Instrument

Investment Loan

Lending Instrument Code

INV

Modality

CND (Contingency for Natural Disasters)

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 260,000,000.00

Country Counterpart Financing

-

Original Amount Approved

USD 260,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
6159/OC-JA Sovereign Guaranteed USD - United States Dollar Ordinary Capital Flexible Financing Facility
Operation Number 6159/OC-JA
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Flexible Financing Facility