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

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.