The report spells out the latest trends in concessional financing available for climate and disaster resilient development in Small Island Developing States (SIDS). It highlights the complexity of the global financing architecture from bilateral and multilateral agencies and the intricate web of eligibilities that SIDS face when trying to access this funding. It is also an important contribution to understanding what resources are already being made available to SIDS, as well as what actions remain to be taken so that the international community can best support our countries in building climate and disaster resilience.
The report also illustrates the positive steps that SIDS are taking to ensure that climate and disaster resilience is addressed as an integral part of their development. In addition, it shows how concessional financing can positively support resilience actions, for example by helping to establish adequate institutional and budgetary arrangements. The report points to some financing mechanisms and modalities that providers could make greater use of, particularly by pooling resources in support of programmatic approaches and strengthening country systems.