The World Bank has approved a USD$30-million loan or JMD$3.6-billion to help address the damaging effects of climate change.

In a statement today the World Bank says Jamaica is one of the most at-risk countries in the world, with high percentages of GDP and population at risk to two or more natural hazards.

It estimates that Jamaica lost USD$3-billion because of natural disasters between 1988 and 2013.

According to the Intergovernmental Panel on Climate Change, Jamaica will have the highest impact from sea level rise and storm surges in Latin America and the Caribbean.

The 30-million dollar loan is financed by the International Bank for Reconstruction and Development.

It will mature in 30 years, after a grace period of 7 years.

The funds are to be used to strengthen earthquake monitoring, train government officials on best construction practices, build over 8,000 metres of drains, build new fire stations and protect more than 2-kilometres of coastline.

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