US$2.4 billion Melissa windfall: Minister Aubyn Hill tells Jamaican businesses to gear up to use the money
MIIC Author
Minister of Industry, Investment & Commerce, Aubyn Hill is sounding a clarion call for local businesses to prepare themselves to access and utilise the US$2.4 billion in private investment from the international lending community to support Jamaica’s recovery, reconstruction, and private-sector-led growth following the impact of Hurricane Melissa.
Speaking at the Jamaica Stock Exchange (JSE) Regional Investments & Capital Markets Conference at The Jamaica Pegasus hotel in New Kingston yesterday, Hill trumpeted: “Yes, gear up to use the money and don’t complain when other investors come in. Get ready, we’ve got money to spend.”
This money, he was referencing, is the US$2.4 billion in private investment mobilised by a group of multinational lending agencies led by IDB Invest and the International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA) of the World Bank Group to support Jamaica’s recovery, reconstruction, and private-sector-led growth following the impact of Hurricane Melissa.
This funding is part of a larger, unprecedented US$6.7 billion, three-year support package for Jamaica. The Minister urged private businesses, construction companies, goods and service providers and other local companies to position themselves to take advantage of opportunities being made available from this funding package, arguing that small firms can pool their resources together to be able to access contracts for reconstruction and repairs, in the event they are too small to win these contracts.
Recent News
See all news
Posted on 21/05/2026
JIPO Urged To Use IP To Drive Wealth Creation
Executive Director, Jamaica Intellectual Property Office (JIPO), Lilyclaire Bellamy explaining procedures of the JIPO to Director General of the United Nations World Intellectual Property Organization (WIPO), Daren Tang, during a tour of the JIPO ...
Posted on 21/05/2026
Industry Stakeholders Urged to Embrace Sophistication for Global Competitiveness
Minister of Industry, Investment and Commerce, Senator the Hon. Aubyn Hill (centre), shares a moment with (from left) Jamaica Manufacturers and Exporters Association (JMEA) Deputy President, Cecil Foster; President, Kathryn Silvera; Sagicor Bank J...
Posted on 20/05/2026
New intellectual property training institute proposed for Jamaica
Jamaica has moved closer to establishing a national intellectual property training institute after signing a letter of intent with the World Intellectual Property Organization (WIPO). The institute is envisaged as a national hub for intellectual p...
