The OECD provides statistical data and policy analysis on external finance to Small Island Developing States (SIDS) to enhance access to and quality of development co-operation, and to support the development of financial instruments and approaches that are tailored to countries’ specific circumstances and needs.
SIDS include some of the world’s smallest and most remote states in the world. They are a diverse group of countries, differing in terms of population size and densities, geographical spread and relative development progress. Yet, they share common challenges and vulnerabilities that prevent them from investing in resilient development and seriously hinder their growth prospects. These include: high exposure to natural disasters and climate change, high exposure to global economic shocks, small or unstable domestic revenues and limited borrowing opportunities.
Making Development Co-operation Work for Small Island Developing States
Small Island Developing States (SIDS) stand at a critical juncture on their paths to sustainable development. Economic growth, human development and vulnerability indicators point to specific challenges facing SIDS, and suggest that new development solutions and approaches are needed to chart the course to prosperity for their people and their environments.
Building on a number of innovative sources of data, such as the OECD Surveys on Private Finance Mobilised and on Philanthropy, in addition to OECD DAC statistics and other sources, this report examines the financing for development resources – domestic and external – available to SIDS. It provides new evidence on sources, destination, and objectives of development finance in SIDS. It highlights innovative approaches and good practices that the international community could replicate, further develop, and scale up in order to make development co-operation work for SIDS, helping them set on a path of sustainable development..