Makhtar Diop: Caribbean countries receive over $235 million for hurricane recovery

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Caribbean receives $235 million hurricane aid

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Anastasiia Chabaniuk

1 hour ago

Makhtar Diop: Caribbean countries receive over $235 million for hurricane recovery — Caribbean receives $235 million hurricane aid

Makhtar Diop notes that when hurricanes impact the Caribbean, the consequences extend beyond infrastructure damage, affecting jobs and livelihoods.

He highlights that the World Bank Group has provided more than $235 million to enable countries in the region to respond more quickly, rebuild stronger, and protect employment and opportunity.

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Makhtar Diop has previously emphasized the economic potential of the ocean sector, noting projections for the ocean economy to exceed $5 trillion by 2050. He also announced the IFC’s launch of the first Trade Finance Synthetic Securitization to boost private capital in emerging markets. These initiatives reflect his ongoing focus on resilience and sustainable growth in developing regions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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