Grenada: Disaster Resilience Strategy

Grenada: Disaster Resilience Strategy
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Volume/Issue: Volume 2022 Issue 080
Publication date: March 2022
ISBN: 9798400205507
$20.00
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Topics covered in this book

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Money and Monetary Policy , International - Economics , Environmental Economics , Natural Disasters , Public Policy- Environmental Policy , DRS Fiscal , post DISASTER , DRS between the IMF , DRS coverage , DRS direct costs , debt sustainability implication , Natural disasters , Climate change , Infrastructure , Insurance , Caribbean

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Summary

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.