IMF Staff Country Reports

Dominica: Disaster Resilience Strategy

August 12, 2021

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Dominica: Disaster Resilience Strategy, (USA: International Monetary Fund, 2021) accessed December 22, 2024

Summary

Dominica is among the countries most vulnerable to natural disasters and climate change. During 1997-2017, it was the country with highest GDP losses to climate-related natural disasters and ranked in the top 10 percent among 182 countries for climate-related fatalities. Following a huge devastation, owing to back-to-back major storms in 2015 and 2017, Dominica announced its intention to become the first disaster resilient nation. In 2019, it was agreed with the government that the Fund, in consultation and collaboration with other development partners, would provide support for preparing a Disaster Resilience Strategy (DRS), a comprehensive plan including policies, cost, and financing to build resilience against natural disasters.

Subject: Climate change, Environment, Financial institutions, Infrastructure, Insurance, International organization, Monetary policy, National accounts, Natural disasters

Keywords: Caribbean, Climate change, D. DRS Cost, Dominica economy, Draft DRS, DRS policy, Financing gap, Global, Infrastructure, Insurance, Natural disasters

Publication Details

  • Pages:

    35

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2021/182

  • Stock No:

    1DMAEA2021001

  • ISBN:

    9781513588469

  • ISSN:

    1934-7685