The Grenada Disaster Vulnerability Reduction Project, prepared in co-operation with the World Bank, aims to reduce Grenada's vulnerability to natural hazards and climate change. It proposes a number of civil works in order to reduce the infrastructure vulnerability to natural hazards and climate change. The project is co-financed by the World Bank and the Climate Investment Fund up to USD26.2m, including a grant of USD8m. 

The programme is being implemented over a five-year period and is co-ordinated by the Ministry of Finance. Part of and prerequisite to the Grenada Disaster Vulnerability Reduction Project is the Grenada Disaster Vulnerability Reduction Project Resettlement Policy Framework elaborated by the Government in April 2011. It is based on the World Bank's Involuntary Resettlement Policy and its primary aim is to ensure that necessary resettlement activities related to natural disasters and climate change take social concerns into account with respect to adverse impacts on affected citizens.