Generating resilient prosperity in SIDS requires a strong enabling environment and significant financial support. SIDS have limited capacity to mobilise domestic resources to build resilience, a problem compounded by restricted access to affordable finance. Resolving these momentous challenges in the context of increasing climate and other shocks is both vital and daunting for these small island nations.
This side event will assess proposals set out in the Antigua and Barbuda Agenda for SIDS for financing resilient prosperity over the next decade and identify which reforms in international financial institutions are most critical for SIDS. It will include a presentation of a new study examining the costs of borrowing in SIDS, as well as a set of reflections from economists and
political scientists on how the structural vulnerabilities of SIDS could be ameliorated through reforms to development and climate finance.
