Government financing of up to $3.6bn, with major contributions from global financial institutions.
Published on 1 December 2025
Jamaica has secured $6.7 billion from international agencies to fund reconstruction over the next three years in the wake of Hurricane Melissa. in October.
Melissa, one of the strongest storms on record to make landfall in the Caribbean, caused devastating floods and landslides with about 76cm (30 inches) of rain when it hit Jamaica in October, causing $10bn in damage.
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Assistance will come from the CAF-Development Bank of Latin America and the Caribbean, the International Monetary Fund, the World Bank, the Caribbean Development Bank and the Inter-American Development Bank Group, the institutions said in a joint statement.
The new package includes government financing of up to $3.6bn, with CAF—the Development Bank of Latin America and the Caribbean, the Inter-American Development Bank and the World Bank each contributing up to $1bn.
“Recovery will require significant resources and long-term investment. Comprehensive recovery planning is already underway, focusing on critical priorities and strengthening Jamaica’s resilience,” the written comments read.
“By combining strong financial instruments, technological guidance, and a shared commitment to moving forward better, Jamaica is well positioned not only to restore what has been lost, but also to strengthen its resilience to future disasters. Jamaica will continue to be at the center of partnership and innovation as it shapes a stronger, more resilient future for all its citizens.”
According to the United Nations Development Program (UNDP), Hurricane Melissa cost Jamaica 30 percent of its gross domestic product (GDP).
Melissa was the most powerful storm More than an island nation 170 years.
The storm dumped nearly five million tons of debris, blocking roads and disrupting basic services. The official death toll in Jamaica rose to 32 people a week later.