As stated by the World Bank, the development objective of the Second Recovery and Resilience Programmatic Development Policy Credit for Grenada is to support Grenada’s recovery, through two pillars, (i) promoting a greener and more climate-resilient economy; and (ii) improving sustainability, inclusiveness, and accountability of fiscal management.
Reforms under the operation address pre-existing structural challenges, as well as gaps exposed by the pandemic.
Pillar 1 helps Grenada build resilience to external shocks and climate change, by supporting comprehensive disaster risk management legislation, the accountable and efficient use of energy, and the incentives to preserve resources.
Reforms under pillar 2 will help the country strengthen responsible and sustainable fiscal policies, through promoting healthy behavior, reducing the gender gap, mitigating the impact of climate change, establishing an unemployment insurance program, and enhancing the transparency of the citizenship-by-investment program.
World Bank Team Leader:
Ran Li - Senior Economist
Borrower and Implementing Agency - Ministry of Finance:
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