Jamaica is to benefit from a US$20-million pilot climate-change adaptation programme to be funded mainly by the Inter-American Development Bank (IDB), which will be implemented by the Ministry of Land, Water, Environment and Climate Change, working with selected, allied state agencies and non-government organisations, reports The Gleaner.
The overall objective is to increase Jamaica's resilience to climate change, by enhancing the country's adaptive capacity across the priority sectors of water, health, tourism, coastal resources and human settlement. It will be financed by a loan of US$10 million, at interest rate of 0.025 per cent per annum, and a grant of US$7.89 million from the Climate Investment Fund through the IDB, with counterpart financing of US$1.97 million from the Jamaican Government.