This session, co-led by Canada, UK and the Alliance of Small Island States (AOSIS), launched the Principles for Improved Impact in Small Island Developing States (SIDS), providing high-level advice for various development co-operation actors to strengthen partnerships and drive development progress in SIDS.
Key Messages from the Session
- Given the particular combination of economic and climate risks in Small Island Developing States (SIDS), multiple crises, including the COVID-19 pandemic and climate change, have set back development progress in SIDS. There is a need for a specific development co-operation approach with SIDS to build resilience against economic shocks, support the diversification of economies and the preparation for future shocks.
- To this end, the Principles for Improving Development Impact in SIDS were successfully launched, with attendees agreeing on a path to improve development effectiveness in SIDS through uptake of the Principles. The Principles identify a number of priority areas for engagement with SIDS and provide high-level advice and concrete policy solutions for SIDS themselves and other development co-operation actors to drive development progress.
- Attendees emphasize the importance of the uptake of the Principles and the need to mainstream challenges faced by SIDS across development conversations. They look ahead to the UN SIDS Summit in 2024, agreeing on the need to strengthen partnerships for sustainable development, further supporting SIDS to build resilience, while working toward achieving the SDGs and recovery from COVID-19.
Links to Relevant Resources/Products
Key Terms: SIDS, vulnerability, challenges, effectiveness