PM Holness says US$6.7B hurricane recovery and reconstruction package will help in job creation and protect Jamaica’s fiscal sustainability

Prime Minister Dr. Andrew Holness says the US$6.7 billion hurricane recovery and reconstruction package from international development partners, will help to create thousands of jobs and protect the country’s fiscal sustainability, among other things.

The package was assembled by CAF–Development Bank of Latin America and the Caribbean, the Caribbean Development Bank (CDB), the Inter-American Development Bank group (IDB), the International Monetary Fund (IMF) and the World Bank Group (WBG).

It includes emergency response financing, sovereign loans, grants and private sector investments over the next three years.

Dr. Holness says the reconstruction effort is being deployed to sectors including agriculture and energy.

He notes that the package reflects sustained engagements at the highest level and is a direct vote of confidence in the government.

Dr. Holness points out that he had a call with the heads of the 5 international financial institutions today and they commended Jamaica for its swift hurricane response.