Grenada

Small island developing state Grenada is considered a climate change “hotspot,” where changing weather patterns are expected to be significant in coming years. It is prioritizing disaster risk management and climate change adaptation to prepare for immediate and future impacts.

INVESTING IN GRENADA

Grenada is one of six Caribbean island nations participating in a regional PPCR program to enhance climate data and sharing for improved resilience and disaster risk management. Grenada has designed its own strategic program for climate resilience under the PPCR to support mainstreaming climate change in national development planning and decision-making.

It is focusing $25 million from the PPCR on efforts to reduce nationwide vulnerability to natural hazards and climate change impacts. Activities include technical and institutional capacity building in Grenada’s forest and water resource management departments, infrastructure enhancement for flood protection and improved drainage in urban areas, and investments in post-disaster financing options.

Projects in Grenada

NAME FUND FUNDING (USD MILLION) COFINANCING (USD MILLION) MDB
  Disaster Vulnerability and Climate Risk Reduction Project FUNDPilot Program for Climate Resilience COFINANCING (USD MILLION) FUNDING (USD MILLION) MDBIBRD  
  Disaster Vulnerability and Climate Risk Reduction Project / Additional Financing to the Regional Disaster Vulnerability Reduction Project (RDVRP) FUNDPilot Program for Climate Resilience COFINANCING (USD MILLION) 25.00 FUNDING (USD MILLION) 14.00 MDBIBRD  

TRANSFORMING VISION INTO ACTION

The CIF programmatic approach to investment planning and implementation brings strategic value to CIF recipient countries. Working through a transparent, country-led process, the CIF fosters trust and collaboration among government ministries, civil society, indigenous peoples, private sector, and the MDBs that implement CIF funding. Together, they translate Nationally Determined Contributions and other national development and climate strategies into an actionable CIF investment plan. Rather than one-off projects, the plan comprises long-term, sequenced investments that mutually reinforce each other and link to other critical activities, such as policy and regulatory reform and capacity building. Under national government leadership, CIF stakeholders continue to work together to implement the plan, continually assessing progress and sharing lessons learned along the way.