IDB loan to help Jamaica strengthen climate resilience

IDB loan to help Jamaica strengthen climate resilience

Wednesday, February 04, 2015

Print this page Email A Friend!

JAMAICA will increase its resilience to climate change by enhancing the adaptive capacity of the agriculture and tourism sectors and watershed management, using a US$10 million highly-concessionary loan and a US$7,895,000 grant approved by the Inter-American Development Bank (IDB).

The project, the first adaptation programme implemented by the IDB under the Pilot Programme for Climate Resilience of the Climate Investment Funds, will help Jamaica mainstream climate change into its development planning, providing information on innovative approaches including climate financing.

The project will also generate and disseminate knowledge on adaptation measures and their costs and benefits. It will develop innovative financial mechanisms which will be made available to Government and the private sector, as well as to NGOs and community-based organisations.

With the programme, Jamaica will continue to be a leader in the field of climate change adaptation among Caribbean countries.

The US$10-million IDB loan, for a 40-year term, will have a 10-year grace period and a fixed interest rate of two per cent for the years 11 through 20, and four per cent for the years 21 through 40.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed:

6. If readers wish to report offensive comments, suggest a correction or share a story then please email:

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon