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Western Hemisphere > Belize

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Cover IMF Working Papers
Meeting the Sustainable Development Goals in Small Developing States with Climate Vulnerabilities: Cost and Financing
Johanna Tiedemann
,
Veronica Piatkov
,
Dinar Prihardini
,
Juan Carlos Benitez
, and
Ms. Aleksandra Zdzienicka
Small Developing States (SDS) face substantial challenges in achieving sustainable development. Many of these challenges relate to the small size and limited diversification of their economies. SDS are also among the most vulnerable countries to the impact of climate change and natural disasters. Meeting SDS sustainable development goals goes hand-in-hand with building their climate resilience. But the additional costs to meet development and resilience objectives are substantial and difficult to finance. This work adapts the IMF SDG Costing methodology to capture the unique characteristics and challenges of climate-vulnerable SDS. It also zooms into financing options, estimating domestic tax potential and discussing the possibility of accessing ‘climate funds.’
Keywords:
Sustainable Development; Climate Resilience; Small Developing States.; WP; development goal; face difficulty; Growth-Climate Nexus; income group; Small Developing States; borrowing space; financial support; concentrate effort; face exposure; sectoral plan; private sector investment; Infrastructure; Income; Climate change; Global; Caribbean; East Africa; Middle East; North Africa