Grenada First Recovery and Resilience Programmatic DPC

closed

The development objective of the Recovery and Resilience Development Policy Credit in Grenada supports recovery through two pillars: (i) promoting a greener and more climate-resilient economy; and (ii) improving sustainability, inclusiveness and accountability of fiscal management. Pillar (1) measures include establishing comprehensive Disaster Management legislation; adopting policies to encourage energy efficiency and renewable energy; and promoting digitalization through enhancing data protection. Pillar (2) supports sustainability, inclusiveness, and accountability of fiscal management; it specifically supports the Government returning to the Fiscal Responsibility Act after three-year suspension, through a medium-term recovery plan that lays out the fiscal path to meet its targets. Other prior actions under the second pillar aim to improve the efficient use of public resources, through enhancing tax management, incorporating climate resilience and gender equality in budgeting, reforming the unemployment insurance Programme, as well as enhancing statistical capacity for better policymaking.