IMF Staff Country Reports

Grenada: Climate Change Policy Assessment

Publication Date:

July 3, 2019

Electronic Access:

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Summary:

Grenada has made significant strides to counter climate change but meeting the daunting remaining challenges will require domestic policy actions and sustained international support. Climate change is an existential threat to Grenada. Increasing frequency and intensity of coastal storms threatens infrastructure and livelihoods, as do increased risk of coastal flooding and drought. Notably, Hurricane Ivan in 2004 caused damages of over 200 percent of GDP. Grenada has recognized this by placing climate resilience at the center of its policy making and forging strategic alliances with key global climate finance providers. However, the challenges facing the country remain daunting and will require large increases in international support, both financial and technical, to assist the Grenadian authorities turn their impressive resilience plans into action.

Series:

Country Report No. 2019/193

Subject:

Climate change Environment Expenditure Financial institutions Greenhouse gas emissions Insurance Natural disasters Public investment and public-private partnerships (PPP)