Grenada: Disaster Resilience Strategy

International Monetary Fund

No 2022/080, IMF Staff Country Reports from International Monetary Fund

Abstract: Natural disasters and climate change are existential threats to Grenada, with annual losses from these events estimated at 1.7 percent of GDP. Grenada has proactively pursued resilience-building, with its Climate Change Policy and National Adaptation Plan providing detailed roadmaps for policymakers. However, the challenges are increasing, including from slow-moving effects owing to the rising sea level, even as implementation capacity and resource constraints remain significant impediments. The COVID-19 pandemic has amplified those challenges by increasing risks and tightening Grenada’s fiscal space.

Keywords: DRS Fiscal; post DISASTER; DRS between the IMF; DRS coverage; DRS direct costs; debt sustainability implication; Natural disasters; Climate change; Infrastructure; Insurance; Caribbean (search for similar items in EconPapers)
Pages: 45
Date: 2022-03-16
New Economics Papers: this item is included in nep-env
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