International Monetary Fund. Strategy, Policy, &, Review Department, International Monetary Fund. Western Hemisphere Dept., and International Monetary Fund. Asia and Pacific Dept
This paper discusses how countries vulnerable to natural disasters can reduce the associated human and economic cost. Building on earlier work by IMF staff, the paper views disaster risk management through the lens of a three-pillar strategy for building structural, financial, and post-disaster (including social) resilience. A coherent disaster resilience strategy, based on a diagnostic of risks and cost-effective responses, can provide a road map for how to tackle disaster related vulnerabilities. It can also help mobilize much-needed support from the international community.
International Monetary Fund. Western Hemisphere Dept.
Owing to improved policy frameworks and favorable external conditions, Grenada’s economy has been growing rapidly. Policies have remained prudent, helping reduce public debt and financial system vulnerabilities. The domestic policy debate is increasingly focused on using potential fiscal space for spending on public pensions and investment on building resilience to natural disasters.
and debt management framework.
PICs face significant challenges in gaining or increasing access to climate adaptation financing from multilateral climatefunds. Across the Pacific, governments face institutional and human resource capacity constraints, which limit their ability to plan, fund, and implement climate adaptation projects. PICs must satisfy rigorous and complex access requirements of CFs, navigate different access modalities, and successfully work with local and international partners to implement and execute projects.
The rest of this paper seeks to