"A grouping of global multilateral financial agencies is teaming up to raise billions in hurricane relief for Jamaica, which has suffered from consecutive years of battering from Atlantic storms. The consortium includes the Development Bank of Latin America and the Caribbean (CAF), the Caribbean Development Bank (CDB), the Inter-American Development Bank (IDB), the International Monetary Fund (IMF), and the World Bank Group."
"Top officials have met in recent days to develop a strategy to help Jamaica recover from Superstorm Melissa, which has caused nearly $9 billion in damage to some of the island's northern and western parishes as it made landfall in late October. The storm also caused severe damage in neighboring Haiti and Cuba. For Jamaica, this was the second consecutive year that a powerful storm had come calling, as some communities were still recovering from the rebel storm Beryl in 2024."
"Beryl had astonished experts worldwide by gaining full strength by the end of June, less than four weeks after the official start of the annual hurricane season, as history has shown that most formation and development occur after August. Hurricane Beryl first made regional landfall mostly in Grenada's sister islands of Petite Martinique and Carriacou, before also touching neighboring St. Vincent and Barbados, and then heading north to Jamaica."
A coalition of multilateral financial agencies is coordinating a major relief package to support Jamaica after Superstorm Melissa caused nearly $9 billion in damage to northern and western parishes. The storm also inflicted severe damage in Haiti and Cuba. Jamaica faced a second consecutive year of powerful storms, with communities still recovering from Hurricane Beryl in 2024, which intensified unusually early. Beryl made landfall across parts of Grenada, St. Vincent, Barbados and then Jamaica, prompting regional assistance. The relief package, compiled at the request of Prime Minister Andrew Holness, mixes emergency financing, sovereign support, grants and private-sector mobilization to rebuild and boost resilience.
Read at Caribbean Life
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