Grenada Second Fiscal Resilience and Blue Growth Development Policy Credit

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The development objective of Second Fiscal Resilience and Blue Growth Development Policy Credit Project for Grenada are to: (i) support long-term fiscal sustainability and strengthen fiscal resilience; and (ii) support Grenada’s transition to a Blue Economy by strengthening marine and coastal management, marine ecosystem health, and climate resilience. This is the second in a series of two lending operations aimed at supporting Grenada’s efforts to maintain fiscal discipline and support the transition to a blue growth model. In this context, the first pillar of the development policy credit (DPC) series supports policy and institutional actions that are aligned with the implementation of the new rules-based fiscal framework. The second pillar supports measures geared to diversify the economy towards the blue growth model.