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'Jamaica need $121 million annually to deal with disasters'

PICTURED: Flooding of the New River in St. Elizabeth in 2010 (JIS Photo)

A NEW World Bank Report is suggesting that, Jamaica would need about J$16 billion (US$121 million) annually to cover losses from natural disasters.

Of this amount, it is estimated that J$9 billion (US$67 million) would be required to address hurricane damage to public and private buildings.

The report, entitled Advancing Disaster Risk Finance in Jamaica, outlines proposals for the formulation of a country-specific comprehensive disaster risk finance (DRF) strategy. It was officially launched during a ceremony at The Jamaica Pegasus hotel on Tuesday (Jul 17)>

According to the World Bank, the document is envisioned to be used as a planning tool for the potential development of a comprehensive DRF strategy that would equip the Ministry of Finance and the Public Service with information and instruments to manage contingent liabilities posed by natural disasters.

Other Caribbean news in brief...

IATA AIRLINE PLEA TO GOVERNMENTS THE INTERNATIONAL

Air Transport Association (IATA) has urged Caribbean governments to work more closely
with the airline industry to deliver better value. An IATA study said that every $1 in additional ticket tax could lead to 40,000 fewer passengers.

IATA’s regional vice-president for the Americas, Peter Cerda, said that “too many of the region’s governments still see air travel primarily as a luxury for the wealthy – and an easy target for taxation”.

INTERACTIVE MAP FOR BRITS ABROAD

Travel Group Love Holidays has published an interactive map showing the last-minute holiday habits of British travellers. If you live in London, the top choices are St Lucia and Jamaica – the latter is also the top choice for Birmingham sun seekers.

INDIGENOUS STAYS TO PROMOTE AREA

The Guyana Tourism Authority is developing a package to promote visits to indigenous communities. It will include funding for eco-tourism lodges and nature trails as well as promotion of so-called “community tourism”.

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