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Building Back Better: Dominica on a path from devastation to climate resilience

Summary:
After 2017’s Hurricane Maria, the small island state of Dominica knew it needed to make a change. Still reeling from .2 billion in damage (226 percent of the country’s annual GDP), politicians created a new agency, The Climate Resilience Execution Agency for Dominica (CREAD). CREAD worked with the IMF and other partners to create a strategy that priced out all of the infrastructure, insurance, and social resilience needed to make the country the first in the world to become fully “climate resilient.” Since then, the country has moved forward admirably with new construction projects, but requires additional external financing from the international community to reach its goals. Read more about Dominica's Disaster Resilience Strategy:

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After 2017’s Hurricane Maria, the small island state of Dominica knew it needed to make a change. Still reeling from $1.2 billion in damage (226 percent of the country’s annual GDP), politicians created a new agency, The Climate Resilience Execution Agency for Dominica (CREAD). CREAD worked with the IMF and other partners to create a strategy that priced out all of the infrastructure, insurance, and social resilience needed to make the country the first in the world to become fully “climate resilient.” Since then, the country has moved forward admirably with new construction projects, but requires additional external financing from the international community to reach its goals.



Read more about Dominica's Disaster Resilience Strategy:

https://www.imf.org/en/Publications/CR/Issues/2021/08/11/Dominica-Disaster-Resilience-Strategy-463663



Content of video

0:00 – Intro

1:16 – Disaster Resilience Strategy

2:42 – Challenges







SPEAKERS:

Pepukaye Bardouille, Former CEO, Climate Resilience Execution Agency for Dominica

Francine Baron, CEO, Climate Resilience Execution Agency for Dominica

Denise Edwards, Financial Secretary, Dominica

Alejandro Guerson, IMF Mission Chief for Dominica

2 comments

  1. Build Back Bolshevism

  2. This reminds me of what happened in the Bahamas! CBDC's and cryptocurrencies can not only help the small island of Dominica, but the entire world! Glad to see the IMF helping countries with infrastructure.

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