USAID commits US$5 million to Jamaica's disaster risk fund

The United States Agency for International Development (USAID) has committed US$5 million to assist the Jamaican Government fund its Disaster Risk Finance Initiative. 
The funds will be used to meet immediate and long-term rebuilding costs of a major natural disaster.
The USAID has agreed to partner with the Government and the World Bank, to provide the funding to develop innovative approaches to finance disaster recovery. 
This includes developing a policy framework for disaster risk finance in the public sector, and innovative financial instruments for risk management.

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