Grenada First Programmatic Resilience Building DPC

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The development objective of the First Programmatic Resilience Building Development Policy Credit (DPC) Program Project for Grenada is to support the Government of Grenada (GoG) to implement a program of policy and institutional reforms to: (i) create conditions for private investment in a sustainable manner, (ii) support improved public sector management and better targeting of social safety net programs, (iii) enhance resilience against natural disasters, and (iv) facilitate debt portfolio restructuring and enhance debt management. As a small, open, and highly indebted middle-income island state, Grenada faces significant systemic vulnerabilities and structural challenges. At the request of the Grenadian authorities, this DPC series is, therefore, designed to strengthen the country's resilience against these vulnerabilities and support the government's objective of promoting sustained economic growth, restore fiscal and debt sustainability, and advance the nation's social development agenda. The operation supports the GoG's plan for the new economy and is based on the comprehensive debt framework (CDF), designed to address debt sustainability in the Caribbean.