Meeting the Sustainable Development Goals in Small Developing States with Climate Vulnerabilities: Cost and Financing

Author/Editor:

Johanna Tiedemann ; Veronica Piatkov ; Dinar Prihardini ; Juan Carlos Benitez ; Aleksandra Zdzienicka

Publication Date:

March 5, 2021

Electronic Access:

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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary:

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.’

Series:

Working Paper No. 2021/062

Subject:

Frequency:

regular

English

Publication Date:

March 5, 2021

ISBN/ISSN:

9781513571577/1018-5941

Stock No:

WPIEA2021062

Format:

Paper

Pages:

54

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