Financing for Development Challenges in Caribbean SIDS: A case for review of eligibility criteria for access to concessional financing
Small states in the Caribbean, despite their past achievements in reaching the status of middleincome countries and medium to high ranking in the United Nations Human Development Index, currently experience a range of fundamental economic and social difficulties which threatens to reverse gains already made and impede future progress. It is necessary that they undertake major investment expenditures to resuscitate and sustain economic growth, address societal challenges such as crime and citizen insecurity and attend to the challenges presented by climate change, the environment and natural hazards.
Limitations on the domestic resource mobilization capacity of Caribbean SIDS make access of development finance from the international community a matter of central importance to them. This Report deals with the financing for development challenges experienced by Caribbean SIDS at this point in time.