Financing for Development and Small Island Developing States: A Snapshot and Ways Forward
This paper provides a snapshot of development financing in small island developing States (SIDS). It aims to inform and reinvigorate international policy debates around how SIDS can finance – and meet – the world’s new sustainable development agenda, the SDGs (Sustainable Development Goals). It reviews recent key data on domestic and international financial flows, such as development and climate aid, foreign direct investment, remittances, tax revenues and savings. It also explores in detail some SIDS’ continued struggles to maintain debt sustainability. All SIDS regions, namely the Caribbean, Pacific, and Atlantic, Indian Ocean, Mediterranean and South China Sea (AIMS) countries are included in our evaluation.
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