Finance Minister Fayval Williams says Jamaica takes comfort in knowing that it has tools and resources including financing, to respond to natural disasters.

She highlighted this while responding to questions at a panel discussion at the International Monetary Fund (IMF) on Wednesday.

The discussion was on the theme, building resilience in a natural disaster prone world.

Mrs. Williams noted that Jamaica has a natural disaster financing strategy, comprised of various levels, such as insurance products, financial market instruments, and contingent financing.

She pointed out that the process involves measuring the impact of past disasters, which aids in risk planning for future events.

She said over the years Jamaica has developed various tools, including the risk financing policy and catastrophe bonds.

The Minister said the Government knows ahead of time what’s available.