Kingston, Jamaica – December 1, 2025 – Jamaica has secured up to $6.7 billion in international support over the next three years to aid reconstruction following the devastation caused by Category 5 Hurricane Melissa, which struck the island on October 28.

The multi-institutional support package was announced jointly by the Development Bank of Latin America and the Caribbean (CAF), the International Monetary Fund (IMF), the World Bank, the Caribbean Development Bank (CDB), and the Inter-American Development Bank Group (IDB).

Hurricane Melissa unleashed catastrophic flooding and landslides across Jamaica, bringing approximately 30 inches (76 cm) of rain, damaging nearly 200,000 buildings, and causing an estimated $10 billion in damages.

Under the newly agreed funding, up to $3.6 billion could be allocated as sovereign financing to support the government’s recovery and reconstruction program. This includes $1 billion each from CAF, the IDB, and the World Bank, $200 million from the CDB, and up to $415 million from the IMF through its rapid financing window for natural disasters.

In addition to sovereign funding, divisions linked to the private sector, including IDB Invest, IFC, and MIGA, are working to mobilize an initial $2.4 billion in private investment to bolster reconstruction efforts.

The funding package aims to restore critical infrastructure, repair damaged housing, and strengthen Jamaica’s resilience to future natural disasters. Officials noted that the collaborative approach between international institutions and private investors will accelerate recovery and provide vital support to communities most affected by Hurricane Melissa.

“This support represents a critical step toward rebuilding Jamaica and ensuring sustainable recovery for the people and the economy,” the joint statement read.