Publication: Dominica, Grenada, Saint Lucia, and Saint Vincent and the Grenadines Country Climate And Development Report
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2024-10-01
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2024-07-01
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This regional Country Climate and Development Report (CCDR) focuses on four countries of the 11‑member Organization of Eastern Caribbean States (OECS)—Dominica, Grenada, Saint Lucia, and Saint Vincent and the Grenadines. The four countries chosen as the focus for this report are the only OECS member countries eligible for concessional International Development Association (IDA) financing for development objectives. The report contributes to the identification of opportunities for OECS countries to achieve their development goals and increase resilience by responding to the challenges posed by climate change in four ways:
1. It presents existing evidence on the challenges OECS countries face through multiple vulnerabilities - physical, social, and economic - and how they may deepen with climate change.
2. It provides estimates of a significant subset of the investments needed for adaptation to natural hazards in these countries. Estimated needs are large; they stand between 1 and 11 percent of discounted GDP investments annually over a 15‑to‑25‑year period, but the benefits they deliver through reduced risk and associated co‑benefits can also be large.
3. By linking investment costs to the broader fiscal and growth context through a robust macro framework, it highlights the difficult balancing act between building resilience and ensuring debt sustainability.
4. It identifies key actions that provide an opportunity to make headway on adaptation by building resilience to climate change while taking steps toward a more sustainable development path.
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“World Bank Group. 2024. Dominica, Grenada, Saint Lucia, and Saint Vincent and the Grenadines Country Climate And Development Report
. CCDR Series. © World Bank. http://hdl.handle.net/10986/41803 License: CC BY-NC-ND 3.0 IGO.”
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