The loan allows Jamaica to meet any extraordinary public expenses that may result from natural disasters.
It will also allow the country to cushion any financial shock that may negatively impact its fiscal balance.
Jamaica ranks 19th in the world for its exposure to natural disasters, which include hurricanes, earthquakes, and droughts.
Between 1988 and 2012, eleven named storms have affected Jamaica.
It is estimated that Hurricane Gilbert costs Jamaica 28 percent of its GDP.
Readers Bureau, Contributor
Edited by Jesus Chan
Do you want to add feedback to this story? Please add a comment in the e-mail box below.
Like our Facebook page https://www.facebook.com/TheReadersBureau
Follow us on Twitter https://twitter.com/readersbureau21