Harnessing Jamaica’s Catastrophe Bond Payout to Accelerate JAM-DEX Adoption for SME Recovery and National Digital Transformation
Executive Summary Hurricane Melissa has dealt Jamaica a grievous blow, inflicting widespread human and economic loss. Yet the country’s climate-risk strategy—anchored by a World Bank–arranged catastrophe bond—has activated precisely for times like this. Jamaica’s US$150 million parametric cat bond, issued in April 2024 to cover four hurricane seasons, is widely expected to pay out following...











