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UNDP, UK and Cabo Verde push finance tools for SIDS: SIDS 2.0, blue bonds and the MVI
Summary
Panelists at the UN Ocean Conference outlined finance and technical measures to help SIDS: UNDP's SIDS 2.0 to improve access to finance and digital readiness; the UK's work on blue economy finance and science partnerships; Cabo Verde's blue bonds and debt-swap examples; and calls for the Multidimensional Vulnerability Index to guide concessional finance.
Speakers at a UN Ocean Conference panel in Nice presented new and existing financing approaches intended to help Small Island Developing States (SIDS) translate ocean and climate plans into action.
Francine Pickup, UNDP's deputy assistant administrator and deputy director for policy and programme support, said UNDP's new SIDS 2.0 offer is aligned with the Antigua and Barbuda Agenda for SIDS and focuses on nature and climate, means of implementation (notably access to finance), and digital readiness for remote communities.
"SIDS really are leaders…
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