In this section, you may find new materials that have been published on the topic of ‘Building resilience of SIDS through trade and agribusiness development’, since the date of the event. We continually select major new publications and articles that add up to the policy points discussed in this briefing.
Pacific Island countries and territories already face a range of development challenges due to their specific geographic and socio-economic characteristics, and their generally high exposure to natural hazards. The projected changes to the climate of the Pacific Island region over the coming decades present another challenging dimension that the region will need to grapple with. These changes could compromise the very ability of Pacific communities to meet their economic development needs. Agriculture and forestry underpin the livelihoods of a large number of people across the region and also account for a significant share of export income for most countries. It is vital that we understand how climate change will affect these sectors and what we can do to manage these emerging impacts. The devastation to Vanuatu’s crops and economic infrastructure caused by tropical cyclone Pam in March 2015 clearly demonstrates the potential consequences of the increased intensity of extreme weather events that will accompany climate change. It is essential that we identify measures to limit the impact of such events and ensure that food security and livelihoods are maintained.
– Vulnerability and Debt in Small States
CIGI Policy Brief No. 83, July 2016
Small states suffer from a host of inherent vulnerabilities given their small population and economic size. They are also disproportionately exposed to economic and non-economic shocks and crises and the consequences these have for macroeconomic stability and development. In combination — and despite extraordinary macroeconomic, fiscal and structural policy responses — these factors have severely impeded the ability of small states to achieve sustainable development. Inherent vulnerabilities and exposure to shocks have also proved to be a costly, stubborn and persistent challenge. In two crucial metrics — growth and participation in international trade — both long-term trends and recent data show that these countries are failing to keep pace with other developing countries and, indeed, many are falling behind. Small states, supported by development partners, need to take several steps to address both long-standing and more recent vulnerabilities: developing the blue economy and diversifying production and exports by expanding and accessing regional value chains; building climate-resilient infrastructure; increasing access to innovative sources of financing for development; and — for a growing number of small states — addressing increasingly unsustainable levels of indebtedness. Otherwise, many small states are likely to fall further behind.
– Dynamic Trade Policy for Small Island Developing States: Lessons for the Pacific from the Caribbean
Small island developing states (SIDS) have common economic challenges and are faced with high costs for energy, infrastructure, transportation, trade logistics and public administration. These challenges are increasingly undergirded by new concerns such as the high incidence of chronic non-communicable diseases, demographic transitions, high levels of outward migration, and the rising cost of adapting to climate change. There is therefore an increased need for small states to pursue a multifaceted, innovation driven growth agenda and for development agencies to rethink development options and strategies.
– ‘Climate-proof’ and resilience
For many Small Island Developing states (SIDS) in the Caribbean, Africa and the Pacific the impact of natural disasters and climate change is real. The recent devastation caused by Severe Tropical Cyclone Winston in Fiji reiterates why SIDS require specific assistance and points to the need to better “climate-proof” development projects in these economies. Both the 2014 Third International Conference on Small Island Developing States (SIDS), which took place in Samoa, and the 2015 Sendai Framework for Disaster Risk Reduction, recognised the vulnerability of countries to natural disasters but importantly also highlighted the shared responsibility of the state, the private sector and the development community in the recovery effort.
Chief Executive Officer of the Barbados Tourism Marketing Inc (BTMI) William Griffith has reported that the Barbados’ tourism sector is back on a path of growth following six years of recessionary conditions. Griffith explained, “This year we have seen growth in all of the major areas of importance, including airlift, accommodations, and programmes to enhance the quality of our tourism product.” For the upcoming winter season, the island is set to realize a seven per cent increase in airlift having negotiated several inaugural flights, including: a new service out of Bogota, Columbia; two new JetBlue flights from New York and new Boston; a new Avianca service between Barbados and Sao Paulo, Rio de Janeiro, Santiago de Chile, Buenos Aires, Panama City, Mexico, Lima, San Salvador, Guayaquil and Quito; a new Thomas Cook service from Glasgow, Scotland; and Air Canada’s Rouge service. BTMI has completed a brand positioning exercise for future marketing campaigns. The BTMI’s sister agency, the Barbados Tourism Product Authority (BTPA), is also implementing a number of initiatives to create new tourism experiences, assure high service and product quality and increase public awareness of the importance of tourism.
A treaty establishing the Small Island Developing States (SIDS) Sustainable Energy and Climate Resilience Initiative – SIDS DOCK – entered into force on 30 September 2015, with a ceremony at UN Headquarters featuring the official handover of instruments of ratification by the first 11 contracting Parties: Bahamas, Barbados, Belize, the Cook Islands, Dominica, Grenada, Saint Kitts and Nevis, Saint Vincent and the Grenadines, Samoa, Seychelles and Tuvalu. By the treaty, SIDS DOCK is established as an intergovernmental organization – the first global intergovernmental organization of island nations, according to a press release. SIDS DOCK was first established in 2009 by SIDS heads of state and government, at the initiative of the Alliance of Small Island States (AOSIS). It aims to help develop a sustainable energy sector in small islands, providing the foundation for low-carbon economic growth and adaptation to climate change, with the aim of helping small islands achieve by 2033 50% electric power from renewable sources, a 25% decrease in conventional transportation fuel use, and a 25% increase in energy efficiency (using a 2005 baseline).
publications.iadb.org, May 2015
The Latin America and Caribbean (LAC) region has a long history of coping with natural hazards, but climate change is expected to exacerbate the threats of hurricanes, floods, and coastal storm surges. Moreover, average temperatures and sea levels are already known to be rising, precipitation patterns might change, and hurricanes could intensify. Many of these changes are already occurring, and are projected to become more severe in the future affecting the financial, economic, environmental, and social performance of current and future IDB investments in the region. The Inter-American Development Bank (IDB) supports a wide-range of projects in the LAC region and has drawn up a factsheet that identifies climate change risks and risk management options that can be incorporated into IDB-investments for the Transportation sector.