Dominica: Disaster Resilience Strategy
IMF Staff Country Reports, August 12, 2021
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- Canonical URL
- Dominica: Disaster Resilience Strategy
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Bibliographic details
- Published: August 12, 2021
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513588469.002
Vulnerability and Impact
- 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.
- Dominica ranked in the top 10 percent among 182 countries for climate-related fatalities.
- Back-to-back major storms in 2015 and 2017 caused huge devastation, prompting the declaration of an intention to become the first disaster resilient nation.
Background and Purpose of the DRS
- 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).
- The DRS is a comprehensive plan including policies, cost, and financing to build resilience against natural disasters.
Subjects and Policy Areas Covered
- Climate change
- Environment
- Financial institutions
- Infrastructure
- Insurance
- International organization
- Monetary policy
- National accounts
- Natural disasters
Keywords and Focus Areas
- Caribbean
- Climate change
- D. DRS Cost
- Dominica economy
- draft DRS
- DRS policy
- financing gap
- Global
- Infrastructure
- Insurance
- Natural disasters
Content in this bundle
- Dominica: Disaster Resilience Strategy; IMF Country Report No. 21/182; February 2021