#FinancingSDGs #FinanceReimagined
In this podcast, produced by RESI at ODI-Global, I speak with impact investors at the UN Ocean Conference in Nice on the opportunities and challenges associated with investing in the ocean in Small Island Developing States (SIDS)
Small Island Developing States (SIDS) depend heavily on the ocean for their livelihoods, economies and climate resilience. Yet they face stark and growing inequities in how ocean resources are accessed, governed and financed. A new briefing paper from ODI Global's Resilient and Sustainable Islands Initiative (RESI) calls for bold action to place equity at the heart of the international oceans agenda - and ensure SIDS can thrive as stewards of the sea.
A growing number of Small Island Developing States (SIDS) are experiencing debt distress due to high exposure to climate-related shocks. SIDS are having to borrow at high rates to recover from disasters, leaving them unable to invest in further development and climate resilience. Learn more.
The climate crisis is exacerbating debt sustainability challenges in Small Island Developing States (SIDS). With projections of increasing loss and damage in SIDS due to both extreme weather and slow-onset events, these debt problems are likely to continue and intensify. This study explores why levels of debt are particularly high in (some) SIDS, the challenges that this presents, and the different practices and policies that they have adopted to pursue – and attain – debt sustainability.
I worked with Future Earth Ltd in a global first to design a blended finance window for the Government of Antigua and Barbuda's SIRF Fund.
In Episode 5 of the Small Islands Big Picture podcast, I join a range of debt and development finance experts to ask: "Who is responsible for high debt burdens in Small Island Developing States?"
COP28 will consider Nature, Land Use and Oceans. Marine ecosystems stabilise the climate and support human wellbeing. Can a GPI approach help us conserve and use oceans, seas and marine resources for sustainable development?
Delighted to be a contributing author to this fantastic new book on sovereign debt and human rights
Ensuring appropriate taxation of the tourism sector in small island developing states through Tax Inspectors Without Borders
While governments may be inspired by the blue economy paradigm shift, their pockets may not be quite so deep. How can new finance be leveraged for key blue economy sectors, such as marine renewable energy, which can carry high investment costs for relatively small economies?
The earth’s oceans have been described as the last economic ‘frontier’. But business as usual can't continue. How can Caribbean countries more effectively leverage their ocean and coastal assets for economic and social development, while protecting these assets?
Video: Financing the Blue Economy in the Caribbean. What are the opportunities?
Hurricanes Irma and Maria have laid bare the deficiencies of an international aid and assistance architecture that sees many countries of the Caribbean ineligible for aid or concessional loans. What can be done to support countries to build back better?
What steps can Pacific island countries take to mobilize more sources of finance and to strengthen the effectiveness of public expenditures? Are there opportunities to leverage innovative finance. And are there lessons learned from other countries, in particular other Small Island Developing States (SIDS)?
Gail Hurley 