Channelling disaster finance resources in Small Islands in the G20 countries
Small islands in the G20 countries face unique challenges related to isolation, limited resources, and a pronounced vulnerability to climate change and natural disasters. A potential solution is to channel financial assistance to reduce disaster risk in these small islands by identifying their most pressing needs. The G20 countries can create financing mechanisms to support sustainable development, climate adaptation, and disaster risk reduction in their small islands. Collaboration and coordination among the G20 countries, their small island communities, and other stakeholders are essential to promote sustainable development and resilience in these unique regions.
The paper gives the following recommendations to the G20:
- Engaging new players to finance the G20’s small islands programmes and projects
- Managing knowledge through collaboration and coordination among G20 countries and small island communities