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Financing resilient prosperity in SIDS

April 17, 2024 5:00 pm


Small Island Developing States (SIDS) have achieved remarkable levels of growth in the past but suffer disproportionately from external shocks. Many are still reeling from the global financial crisis and the Covid-19 pandemic: coping with sluggish growth, insupportable debt burdens and insufficient – even declining – access to stable sources of financing. SIDS will be affected more rapidly and severely by global warming than any other group of nations. Resolving these momentous challenges, in an increasingly inhospitable and perilous world for SIDS, is both vital and daunting.

When SIDS Heads of State and Government and high-level representatives meet in St. John’s, Antigua and Barbuda from 27 to 30 May 2024, at the fourth International Conference on Small Island Developing States, to agree an agenda for the next 10 years, they will set out reforms needed in the international finance and debt architecture for sustainable development and resilient prosperity.

This event brings SIDS finance ministers together with International Finance Institutions and development partners to identify concrete actions needed to ensure this vulnerable group of countries can access the finance needed to cope with shocks, manage debt sustainably and advance towards resilient prosperity over the next decade.