Development finance topics

Small Island Developing States - SIDS

 

The OECD provides statistical data and policy analysis on concessional finance to Small Islands Developing States (SIDS) to enhance access to and quality of development finance to countries most in need, and to support the development of financial instruments and approaches that are tailored to countries’ specific circumstances and needs.

SIDS include some of the world’s smallest and most remote states in the world. They are a diverse group of countries, differing in terms of population size and densities, geographical spread and relative development progress. Yet, they share common challenges and vulnerabilities that prevent them from investing in resilient development and seriously hinder their growth prospects. These include: high exposure to natural disasters and climate change, high exposure to global economic shocks, small or unstable domestic revenues and limited borrowing opportunities.

Climate and Disaster Resilience Financing in Small Island Developing States

 

Thumbnail of Climate and Disaster Resilience Financing in Small Island Developing States report

This report shows that, in spite of increasing climate risks, only 14 percent of development aid for vulnerable small island nations addresses climate change and natural disasters.

The report, prepared by the Organization for Economic Cooperation and Development (OECD), the Global Facility for Disaster Reduction and Recovery (GFDRR) and the World Bank, shows that more than 335 major natural disasters have occurred in Small Island Developing States (SIDS) since 2000, resulting in an estimated US$22.7 billion in direct damages.  Yet, efforts to build resilience to climate change and disasters are being hampered by a highly complex web of global financing, creating acute fragmentation. 

 

 

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