Global Small Island Developing States (SIDS) Debt Sustainability Support Service: a new financial compact for resilient prosperity

Reports/papers
, 24 pages
PDF (2.03 MB)
22426IIED.pdf
Language:
English
Published: May 2024
Publisher(s):
ISBN: 9781837590919
Product code:22426IIED

Small Island Developing States (SIDS) are experiencing increasingly frequent climate-related disasters with severe consequent economic impacts. These nations’ financial stability is further compromised by escalating debt: more than 40% of SIDS are nearing or already in debt distress.

This document sets out the design for a Global SIDS Debt Sustainability Support Service, which will feature a layered approach to debt sustainability, future protection measures, resilience investment, and advisory and legal support. The Support Service is a central component of the Antigua and Barbuda Accord for SIDS (ABAS), a ten-year plan for delivering a resilient future for SIDS.

Cite this publication

Bharadwaj, R. (2024). Global Small Island Developing States (SIDS) Debt Sustainability Support Service: a new financial compact for resilient prosperity. IIED, London.
Available at https://www.iied.org/22426iied