Being structurally vulnerable is associated with lower
Being structurally vulnerable is associated with lower performance with respect toGoal (SDG : end poverty) and Goal (SDG : health and well-being), and on issues such as food insecurity . The limited fiscal capacity of small island developing States cannot absorb the rising costs of climate mitigation and adaptation, without which Pacific atoll countries such as Kiribati, the Marshall Islands, Tokelau and Tuvalu would face a uncertain future. Pacific islands are especially vulnerable to external economic and financial shocks, as well as the impact of climate change and natural hazards. When COVID- hit, Small Island Developing States that rely heavily on the tourism sector and remittance flows suffered severe economic downturns and job losses. Fiji, Guam and Vanuatu suffered annual GDP declines in of per cent, per cent and per cent respectively, compared to per cent for the European Union and per cent.
Percent of the United States Climate change and
Natural disasters also pose increasingly severe risks to small island economies, as demonstrated by the recent volcanic eruption, tsunami and ashfall in Tonga . English review from the World Bank), and the shrinking land area of several Pacific islands due to rising sea levels. Small island economies are also increasingly affected by a serious “triple Russia Phone Number List burden” of malnutrition, in which undernutrition (formerly known as malnutrition) and micronutrient deficiencies coexist with increasing rates of obesity and related non-communicable diseases. . The Pacific Islands import % of their food and have the world’s highest prevalence of obesity and non -communicable diseases . The Sustainable Development Goals (also known informally as the Global Goals) include the strong political commitment to “leave no one behind .
Small Island Developing States need financing
Invest in physical infrastructure (such as renewable energy and digital technologies) and talent or human capital (such as health and education); everything so necessary to advance with regard to the Global Goals. However, most of them cannot take out loans on reasonable terms. The International Monetary Fund (IMF) has published an important study measuring the additional costs faced by Small Island States, including Pacific Small Thailand Phone Number List Island Developing States. , to meet the Sustainable Development Goals. The IMF’s conclusion is that none of the Small Developing States can finance the goals alone. Similarly they need an additional financing mechanism from the rest of the world. To channel more international finance to0. Small Island Developing States, including Pacific Islands, rich countries – especially the G countries (Canada, France, Germany, Italy, Japan, the United Kingdom and the United States) – could increase their commitments.
