HOLNESS... I give the assurance that what we have will be fairly shared for every Jamaican.
Jamaica faces a financing gap of nearly $965 billion to rebuild after Hurricane Melissa, with disaster insurance expected to cover only a small portion of the cost.
The recovery bill from the hurricane is now estimated at $1 trillion. Jamaica anticipates roughly $35 billion from two major sources: the Caribbean Catastrophe Risk Insurance Facility (CCRIF), valued at $11 billion (US$70 million), and a World Bank-arranged catastrophe bond worth $24 billion (US$185 million), both currently in processing. The Jamaican Government has pledged rigorous oversight, with a sub-committee and the Office of Disaster Preparedness and Emergency Management (ODPEM) maintaining detailed accounts of all financial and in-kind donations as funds flow into the recovery effort.
“There is serious accountability in ODPEM.
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