Managing Fiscal Consolidation: The process of reducing Grenada s large debt burden (roughly ---.- of GDP in ----) will require pullbacks in public spending and reductions in the size of the public sector, weighing on government popularity in the coming years. The government will continue to face stiff public opposition to an IMF debt restructuring programme, which was put into place following the country s ---- default. ...Climate Change: Climate change will prove a growing concern for Grenada over our ---year forecast period. The island is al- ready vulnerable to extreme weather events, and with scientists from the United Nations forecasting that global climate change could lead to increasingly frequent and severe hurricanes, natural disasters are likely to become a more significant factor negatively affecting Grenada s long-term political risk profile. Apart from destroying critical infrastructure and farmland, frequent hurricanes in Grenada would drive unemployment above its current rate of around -- and deter potential tourist arrivals. ...Apart from destroying critical infrastructure and farmland, frequent hurricanes in Grenada would drive unemployment above its current rate of around -- and deter potential tourist arrivals. While we do not believe a natural disaster would likely have as destructive an impact in Grenada as two hurricanes did in Haiti in ---- and ----, the Grenadian government s reduced fiscal firepower would limit its emergency response capabilities.
...Source: UNODC passport to work towards creating a common legislative body for the region. Further political integration will have positive implications for Grenada s investment profile over the next -- years. ...The other major proposed amendment concerns a potential name change from Grenada to Grenada, Carriacou and Petite Martinique; ie, including the other two islands that comprise the state of Grenada. Habitants of the latter two islands request official recognition both in national symbols by renaming the country and in political fact by creating some form of local government on all three islands whose interests would in turn be represented equitably in the Senate. This raises questions about Senate reform, which could feature in the larger project of parliamentary reform in Grenada. ...
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