Mobilizing adequate financing for sustainable development will be a challenge for all countries, but will be particularly difficult for Pacific Small Island Developing States where financing needs for sustainable, climate-sensitive development are estimated to be among the highest in the world when measured as a proportion of national output. They are also set to rise with the predicted impacts of climate change.
UNDP’s report explores what financing for development currently looks like in the Pacific and analyzes the steps countries have already taken to mobilize different sources of development finance and to strengthen the effectiveness of public expenditures. It asks whether there are opportunities to leverage innovative finance. Are there lessons learned from other countries, in particular other Small Island Developing States (SIDS)?