Fiscal policy Grenada news, business, sports, culture, history. The mean maximum temperature is 31.4 degrees centigrade while the mean minimum is 24.0 degrees centigrade.The country’s 345 square kilometer land base is characterized … In the case of Grenada, the NAP includes a number of actions and projects to be implemented in order to reduce Grenada vulnerability to Climate Change. It is prioritizing disaster risk management and climate change adaptation to prepare for immediate and future impacts. Grenada has been adversely affected by extreme weather events over the past several decades; two hurricanes in 2004 caused damage totaling approximately 2.5 times the country’s annual Gross Domestic Product, and damaged or destroyed 90 per cent of the island’s buildings (USDS, 2010). Grenada’s climate is primarily humid and tropical, with the country experiencing a dry season from January to May and a rainy season from June to December. 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. Grenada is currently piloting a number of Ecosystem based adaptation projects throughout the country in order to combat the negative effects of Climate Change . Public sector investments Taking Action on Climate Change to Build Resilience and Promote the Sustainable Development of Small Island Developing States (SIDS) Approximately 104,000 people live in Grenada (Charles, 2000; USDS, 2010). As of 2013 [update], the mitigation of its effects has been high on the agenda of the Government of Grenada, which seeks to set an example through innovation and green technology. IMF Members' Quotas and Voting Power, and Board of Governors, IMF Regional Office for Asia and the Pacific, IMF Capacity Development Office in Thailand (CDOT), IMF Regional Office in Central America, Panama, and the Dominican Republic, Financial Sector Assessment Program (FSAP), Currency Composition of Official Foreign Exchange Reserves. There are two seasons that characterize the climate of the island, the humid and hot rainy season between June and December and the dry season between January and May. At stake are recent gains in the fight against poverty, hunger and … In partnership with the United Nations Environment Programme, the Project "Building Capacity for Coastal Ecosystem-based Adaptation in Small Island Developing States (SIDS)" was initiated in Grenada. [9] Projected Change in Temperature and Precipitation in Grenada by 20305 Agriculture and climate change As a small island developing state (SIDS), Grenada is one of the [2]. The sea grass beds and mangrove wetlands are highly dependent on the presence of coral reefs (hydrodynamic barriers that dissipate wave energy) as it enhances the structure of the sea grass and mangrove communities.On the islands of Grenada and Carriacou, approximately 77% and over 54% respectively of the land area has slopes exceeding 20°. Grenada PM: Climate change is an existential threat for us in the islands. The purpose is to give potential donors, and funding agencies concrete ideas about financing opportunities for climate resilient action. Climate change is an existential threat to Grenada. This Climate Change Policy Assessment (CCPA) takes stock of Grenada’s plans to manage its climate response, from the perspective of their macroeconomic and fiscal implications. Fiscal Affairs Dept. The function of the National Adaptation Plan (NAP) is to provide a strategic, coordinating framework for building climate resilience in Grenada, recognising the need to develop the enabling environment for climate change adaptation as well as programmatic … Extreme weather and short-term climate variability has already had a tremendous impact on the country. Climate change adaptation is a priority for the Government of Grenada. The devastating losses borne to Grenada’s economy in 2004 and 2005 from the passage of Hurricanes Ivan and Emily, respectively, increased the The state of Grenada consists of the islands of Grenada, Carriacou and Petit Martinique. Use the free Adobe Acrobat Reader to view this PDF file. © United Nations Development Programme 2020, UNDP Human Development Indicators: Grenada, Climate Finance Options (World Bank and UNDP): Latin America and the Caribbean, UNDP Regional Centre: Latin America and the Caribbean, Grenada's Second National Communication - In Progress, Integrated Climate Change Adaptation Strategies (ICCAS) in Grenada, UNDP Factsheet: Integrated Climate Change Adaptation Strategies (ICCAS) Grenada, Climate Information and Early Warning Systems. Increasing frequency and intensity of coastal storms threatens infrastructure and livelihoods, as do increased risk of coastal flooding and drought. 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. Extreme drought conditions can be experienced during some dry seasons (Charles, 2000). The geography of the Caribbean makes it vulnerable to Atlantic hurricanes and tropical storms, whose intensity is projected to increase with climate … Future programs and development activities in Grenada must focus on these sectors. The CCPA is a joint initiative by the IMF and World Bank to assist small states to understand and manage the expected economic impact of climate change… In the case of Grenada, the NAP includes a number of actions and projects to be implemented in order to reduce Grenada vulnerability to Climate Change. Grenada. The IMF Press Center is a password-protected site for working journalists. Notably, Hurricane Ivan in 2004 caused damages of over 200 percent of GDP. Updated 6:43 AM ET, Tue May 21, 2019 . Economic growth By Keith C. Mitchell. The mean maximum temperature is 31.4 degrees centigrade while the mean minimum is 24.0 degrees centigrade.The country’s 345 square kilometer land base is characterized by mountainous terrain and is ringed by coral reefs. Small island developing state Grenada is considered a climate change “hotspot,” where changing weather patterns are expected to be significant in coming years.