July 18, 2022


Jamaica’s decision in July 2021, to pursue Catastrophe Bonds as a way to reduce the impact that severe natural disasters can have on the national budget, has been hailed as a prudent way to protect the economies of middle-income countries and small island developing states (SIDS). This was discussed on July 13 at Jamaica’s side event at the UN High level Political Forum (HLPF) where spokespersons from the government and international development partners shared the importance of the decision.

News Release – Jamaica Promotes Catastrophe Bonds to protect the economy