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Small States

Designing an innovative financial system to attract sustainable investment for Small Island Developing States

The Commonwealth Secretariat and Cambridge University's Centre for Resilience and Sustainable Development (CRSD) partnered for a collaborative workshop this week on designing an innovative financial system to attract sustainable investment for Small Island Developing States (SIDS).
Read news - Designing an innovative financial system to attract sustainable investment for Small Island Developing States

Accessing Development and Climate Finance: Issues and Challenges in the Commonwealth Countries

This report provides a succinct overview of development finance and climate finance, focussing on its provision to Least Developed Countries and Small Island Developing States within the Commonwealth. It considers the current and potential roles of multilateral development banks and international development financial institutions; tools such as ‘debt for climate’ swaps; and the need to reconsider the use of and balance between debt capital and grants. Finally, the report proposes alternative funding mechanisms and reforms to international financial architecture that could have transformative impacts on capital flows to enable vulnerable developing nations to respond to the effects of climate change and increase their resilience.
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‘Blueing’ the NDCs: A Review of the Nationally Determined Contributions of Commonwealth Coastal and Island Countries for Ocean-Based Actions and Commitments

A review of ocean-based actions and commitments contained in the Nationally Determined Contribution (NDC) reports – the main mechanism by which countries communicate their ambitions and efforts in support of the Paris Agreement – of the 49 coastal and island states within the Commonwealth.
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Commonwealth partnership develops new tools to improve climate finance attractiveness for vulnerable countries

Today, the Commonwealth Secretariat and Cambridge University’s Centre for Resilience and Sustainable Development (CRSD) are hosting a collaborative workshop for climate finance experts to examine new tools designed to improve climate finance attractiveness for Commonwealth Small Island Developing States (SIDS).
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Evaluation of the Commonwealth Secretariat's Support to Small States

This evaluation of the Commonwealth Secretariat’s Support to Small States covers two strategic periods: 2013/14-2016/17 and 2017/18-2020/21. It focuses on selected interventions from the dedicated small states pillar (Pillar 5: Small and Vulnerable States) as well as the other pillars (Pillar 1: Democracy, Pillar 2: Public Institutions, Pillar 3: Youth and Social Development, and Pillar 4: Economic Development). The evaluation process ran from February 2021 to August 2021.
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In Washington, the Commonwealth Secretary-General calls for more action to help small and vulnerable states

The Commonwealth Secretary-General has welcomed the recently-launched Resilience and Sustainable Facility (RSF) - the International Monetary Fund’s (IMF) financing facility aimed at helping low-income and vulnerable middle-income countries build resilience to economic shocks – but said that more work must be done to improve eligibility, requirements, and conditions in accessing this facility for small and vulnerable states.
Read news - In Washington, the Commonwealth Secretary-General calls for more action to help small and vulnerable states