Financing sustainable development in the Organisation of Eastern Caribbean States: A transition finance diagnostic

Cécilia Piemonté; Jieun Kim; Olivier Cattaneo

doi:https://doi.org/10.1787/62a4deae-en

OECD Development Co-operation Working Papers

OECD Development Co-operation Working Papers cover work on understanding aid flows, strengthening aid delivery and improving development policy. Topics include, among others, aid statistics and architecture, aid effectiveness, capacity development, development co-operation systems and management, evaluation of development programmes, as well as the relationship between development and trade, conflict and fragility, environment, gender equality, governance and poverty reduction.

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- Development

ISSN: 22220518 (online)
https://doi.org/10.1787/22220518

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Financing sustainable development in the Organisation of Eastern Caribbean States

A transition finance diagnostic

This paper gives an overview of all development finance sources available to countries of the Organisation of Eastern-Caribbean States (OECS) for enhancing their economic and climate resilience, and progress towards their Sustainable Development Goals (SDGs). After reviewing political and macroeconomic contexts, it examines some of the specific challenges and opportunities they meet in financing their development, including the mobilisation of private finance and domestic resources; public debt sustainability; and the alignment of official development finance (ODF) with their evolving needs. It stresses the risks of inadequately preparing for the end of eligibility to official development assistance (ODA), when countries reach high-income status while remaining highly vulnerable. Finally, it presents recommendations for the OECD Development Assistance Committee (DAC) members to better support and accompany OECS countries as they transition to higher-income status.

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English

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- Development

Keywords: Eastern Caribbean States, SIDS' vulnerabilities, oecs, small island developing states, transition finance, ODA graduation, official development assistance

JEL: F30: International Economics / International Finance / International Finance: General; H84: Public Economics / Miscellaneous Issues / Disaster Aid; F00: International Economics / General / International Economics: General; Z3: Other Special Topics / Tourism Economics; E60: Macroeconomics and Monetary Economics / Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook / Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook: General; O10: Economic Development, Innovation, Technological Change, and Growth / Economic Development / Economic Development: General; O54: Economic Development, Innovation, Technological Change, and Growth / Economywide Country Studies / Economywide Country Studies: Latin America; Caribbean; Q56: Agricultural and Natural Resource Economics; Environmental and Ecological Economics / Environmental Economics / Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth; O20: Economic Development, Innovation, Technological Change, and Growth / Development Planning and Policy / Development Planning and Policy: General; I31: Health, Education, and Welfare / Welfare, Well-Being, and Poverty / General Welfare; Well-Being; O19: Economic Development, Innovation, Technological Change, and Growth / Economic Development / International Linkages to Development; Role of International Organizations

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