World Bank gives Jamaica $30 million to boost climate change disaster resilience

The government of Jamaica has received $30 million (USD) from the World Bank to further boost disaster and climate risk management.

The loan will support the administration’s ongoing programme to reduce the incidence of environmental hazards over a six-year period under the World Bank’s Disaster Vulnerability Reduction Project (DVRP).

The DVRP, which will be implemented by the Jamaica Social Investment Fund (JSIF), comprises four components. These target – technical assistance for improved disaster and climate resilience; risk reduction; contingent emergency response; and project administration.

The DVRP represented a major component of the Bank’s country partnership strategy that targets the creation of an enabling environment for inclusive growth.

She noted that disaster risk mitigation was important in maintaining macroeconomic stability and debt management in order to achieve sustainable growth and development.

Photo of Dunns River Falls in Jamaica by WPPilot via Wikipedia.

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