General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThat Catastrophe Bond
https://www.cbc.ca/news/science/jamaica-hurricane-melissa-bond-finance-9.6958943How Jamaica took out an insurance policy for itself, and why its about to pay off after Hurricane Melissa
$150M US catastrophe bond issued last year headed to full payout, will provide Jamaica immediate help
https://www.worldbank.org/en/news/statement/2025/10/31/world-bank-group-statement-on-support-for-jamaica
Our thoughts are with the people of Jamaica as they face the devastating impact of Hurricane Melissa. We are working closely with the Government of Jamaica and international partners, including the Inter-American Development Bank, to carry out a rapid post-disaster damage assessment and help guide immediate relief and recovery efforts.
Jamaica has developed one of the most advanced and comprehensive disaster risk financing systems in the Caribbean, serving as a model for preparedness and resilience across the region. This strong foundation will be critical in ensuring a swift and coordinated response to the hurricanes impacts.
A broad package of World Bank Group assistance is ready to be mobilized combining quick-disbursing emergency finance, likely payout in connection with a World Bank catastrophe bond, the redeployment of existing project funds, and targeted private-sector support through the International Finance Corporation, the WBGs private sector arm. Our teams are also prepared to provide technical advice and implementation support to help Jamaica recover and rebuild stronger, ensuring that reconstruction efforts contribute to long-lterm resilience and sustainable growth.
Good explantation here
https://ici.radio-canada.ca/rci/en/news/2203183/how-jamaica-took-out-an-insurance-policy-for-itself-and-why-its-about-to-pay-off-after-hurricane-melissa#:~:text=Jamaica's%20%24150%2Dmillion%20US%20catastrophe,cat%20bond%20issue%20for%20Jamaica.
erronis
(21,819 posts)Unlike a much larger northern country.
This bet paid off - we lost the earlier one last year- you have to reach catastrophe figures.
FoxNewsSucks
(11,394 posts)It's just that one fucking party of greed that doesn't give a damn.
Nigel did well. He resigned as Minister of Finance and went to work for the IMF as Deputy Managing Director.
https://en.wikipedia.org/wiki/Nigel_A._L._Clarke
Bernardo de La Paz
(60,100 posts)malaise
(290,670 posts)Bernardo de La Paz
(60,100 posts)mountain grammy
(28,394 posts)Are there any local aid groups you would recommend donating to? Do you know how the Long Bay Area fared?
malaise
(290,670 posts)They escaped the worst
mountain grammy
(28,394 posts)The most beautiful place ❤️. Stayed in a little cottage on a hill overlooking the ocean. Great fish fry at the local bar. Oh how I miss my cousin.
malaise
(290,670 posts)This one is trusted
https://bredsfoundation.org/
Im asking decent folks where is the best for Eastern Westmoreland - looks like Whitehouse got the worst of it.
mountain grammy
(28,394 posts)Stay safe Malaise.
malaise
(290,670 posts)Dont go there as often as we did in the past
mountain grammy
(28,394 posts)My cousin knew quite a few people there. Fun day trip to Port Antonio, loved it. 😎
malaise
(290,670 posts)mountain grammy
(28,394 posts)I didnt know that about Portland.
mercuryblues
(15,973 posts)They keep getting bumped off flights out. They have run out of medication, maybe they will be considered priority, finally.
malaise
(290,670 posts)Lots of problems in Mobay
mercuryblues
(15,973 posts)They are a lot like me. When I go somewhere, I always bring at least 3-5 days extra meds.
What is wrong with trumplesthinforskin. He would rather send destroyers to the Caribbean, than the USS Comfort or to pick up Americans and bring them home.
malaise
(290,670 posts)Many other countries are using these aircraft to help their citizens get off the island.
mercuryblues
(15,973 posts)I'm wondering if they'll go back next year.
GiqueCee
(2,978 posts)... which I think is doubtful, given his blatant racism, you can be sure it will come with strings attached. Everything is transactional with him.He is devoid of honor or even the most microscopic trace of common human decency.
FoxNewsSucks
(11,394 posts)if Krasnov tries to pelt you all with paper towels. He's not good for much else.
malaise
(290,670 posts)😀
surfered
(10,088 posts)Looking to you Malaise for your recommendation.
https://supportjamaica.gov.jm/
spanone
(140,551 posts)K&R