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
-
Country Counterpart Financing
-
Original Amount Approved
USD 260,000,000.00