Natural disasters and climate change are existential threats to Grenada, with annual losses from these events estimated at 1.7% of GDP.
Grenada has pursued resilience-building through its climate change policy and national adaptation plan, but the challenges - such as rising sea levels - are increasing. The COVID-19 pandemic has amplified those challenges by increasing risks and tightening Grenada’s fiscal space.
This disaster resilience strategy, prepared by the Government of Grenada in broad consultation with the International Monetary Fund, describes the macroeconomic, structural and social policies being pursued by the government to build resilience against natural disasters and the associated financing needs.