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

By Johanna Tiedemann, Veronica Piatkov, Dinar Prihardini, Juan Carlos Benitez, Aleksandra Zdzienicka

March 5, 2021

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Format: Chicago

Johanna Tiedemann, Veronica Piatkov, Dinar Prihardini, Juan Carlos Benitez, and Aleksandra Zdzienicka. Meeting the Sustainable Development Goals in Small Developing States with Climate Vulnerabilities: Cost and Financing, (USA: International Monetary Fund, 2021) accessed December 26, 2024

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.’

Subject: Climate change, Education, Environment, Health, Income, Infrastructure, National accounts

Keywords: Borrowing space, Caribbean, Climate change, Climate Resilience, Concentrate effort, Development goal, East Africa, Face difficulty, Face exposure, Financial support, Global, Growth-Climate Nexus, Income, Income group, Infrastructure, Middle East, North Africa, Private sector investment, Sectoral plan, Small Developing States, Small Developing States., Sustainable Development, WP

Publication Details

Pages:

54
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2021/062
Stock No:

WPIEA2021062
ISBN:

9781513571577
ISSN:

1018-5941

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