Grenada: Disaster Resilience Strategy

Download or read book Grenada: Disaster Resilience Strategy written by International Monetary and published by International Monetary Fund. This book was released on 2022-03-16 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.