Sustainable and Resilient Recovery DPF and CAT DDO

active

The development objective of the Sustainable and Resilient Recovery Development Policy Financing and a Catastrophe Deferred Drawdown Option for Jamaica is: (i) to facilitate trade, digital adoption, and financial stability for private sector development; and (ii) to enhance fiscal and physical resilience to climate change and disasters, including natural hazard and health shocks. The Government of Jamaica (GOJ’s) economic program is guided by Vision 2030 Jamaica National Development Plan. The four overarching national goals are: (i) Jamaicans are empowered to achieve their fullest potential; (ii) the Jamaican society is secure, cohesive, and just; (iii) Jamaica’s economy is prosperous; and (iv) Jamaica has a healthy natural environment. The GOJ’s program places a strong emphasis on the enabling environment for private sector investment and innovation as well as digitalization. The GOJ is seen as a leader in the Caribbean region (and beyond) in disaster risk management (DRM) and disaster risk financing (DRF).