Billions of dollars are being made available to help Jamaica recover from Hurricane Melissa.

The Category 5 storm struck on October 28, causing an estimated $8.8 billion in damage. This is the costliest hurricane in Jamaica’s history. Damage equals roughly 41% of the country’s 2024 GDP, according to the World Bank and Inter-American Development Bank (IDB).

International financial institutions have coordinated a recovery package worth up to $6.7 billion. The funds will be distributed over three years. Contributors include the Development Bank of Latin America and the Caribbean, the Caribbean Development Bank, the IDB Group, the International Monetary Fund, and the World Bank Group.

“This coordinated effort reflects a unified commitment to help Jamaica pursue fiscally responsible, long-term recovery,” the World Bank said. The package combines emergency financing, sovereign loans, grants, and private sector investments.

Of the total, up to $3.6 billion will support government programs, including budget relief. Meanwhile, the IDB and World Bank aim to mobilize roughly $2.4 billion in private investments to rebuild infrastructure and key services.

Jamaica has already accessed $662 million in disaster risk insurance funds. This includes $91 million from the Caribbean Catastrophe Risk Insurance Facility and $300 million from the IDB’s Contingent Credit Facility. These funds helped the government respond quickly in the hurricane’s immediate aftermath.

The storm disrupted electricity for hundreds of thousands. About 25% of Jamaica Public Service customers still lack power. Energy Minister Daryl Vaz said authorities are working with the utility company to restore electricity.

Housing is also a priority. The National Housing Trust plans to deploy 2,500 semi-permanent housing units. It will also offer relief loans and grants to affected families.

In addition, the government is coordinating with international partners to ensure the recovery is sustainable. Officials emphasize rebuilding stronger infrastructure, improving emergency preparedness, and protecting Jamaica’s economic stability.

As the country begins reconstruction, the financial support signals a major step toward recovery. With billions pledged, Jamaica hopes to restore essential services, rebuild homes, and get communities back on their feet over the next three years.

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