
Andrew Holness|Nov 26, 2025 22:25
Our fiscal resilience plan is structured around multiple layers: savings in the National Disaster Risk Fund, budget contingencies, insurance instruments such as the CRIF, the catastrophe bond, and access to pre-arranged financing from partners like the IMF, World Bank, and IDB.
Some of these funds are conditional, so not all are immediately accessible.
The damage from Hurricane Melissa surpasses what we had pre-arranged and set aside. That is why it was important that I attended the G20 Summit, to engage the international community, present Jamaica’s case, and secure additional financing to support our recovery and reconstruction efforts.
Our goal is to ensure that Jamaica can rebuild stronger and more resiliently, with the backing of the global financial system.(Andrew Holness)