Summary
This High-Level side event brings together ministers, senior government officials, heads of international financial institutions, and key stakeholders to exchange and advance the financing mechanisms needed to enhance climate resilience and sustainable development for African Island States and Small Island Developing States (SIDS) in the Atlantic Ocean, Indian Ocean, and South China Sea (AIS) region. The Roundtable will foster discussions to strengthen regional cooperation, mobilize innovative finance, and address the specific needs of the African Island States and SIDS in the AIS region. By identifying concrete financing solutions and action points, this event will contribute to the FFD4 process and promote greater international support for the resilience of SIDS.
Objectives
The objectives of this High-Level Roundtable are to:
- Identify concrete actions and policies to mobilize innovative financing for climate resilience and sustainable development in SIDS.
- Discuss solutions for climate-related debt challenges faced by SIDS and explore debt relief and restructuring opportunities.
Promote regional partnerships and South-South cooperation to enhance collective climate action across AIS SIDS. - Formulate actionable commitments from high-level participants that will contribute to the success of the FFD4 outcomes.
FFD4 Themes
The thematic areas of focus for this High-Level Roundtable include:
- Global Financing Framework.
- Debt and Debt Sustainability
- International Development Cooperation
- Addressing systemic issues
Organizers
Lead: Sao Tome and Principe (member state national government)
Organizing Partners
Seychelles, Cabo Verde, Comoros, Equatorial Guinea, Guinea Bissau, Madagascar, Mauritius, Tanzania, United Nations Economic Commission for Africa, Indian Ocean Commission, African Island States Climate Commission, Green Climate Fund, Great Blue Wall, African Development Bank.
Venue and time
Venue : Room Side Event 17 ; FIBES Sevilla Exhibition and Conference Centre
Time : 16:30 - 18:00
Event Documents
Background Documentation
- Island States commit to improve coordination at High-Level Dialogue at 4th International SIDS Conference
- COP29: High Level Dialogue on Climate Finance and Resilience for SIDS
- African Island States at the center of a new partnership between ECA and Green Climate Fund
- COP 28: African Small Island Developing States press for adaptation finance to fight climate change
- Beau-Vallon Outcome Document
- Moroni Declaration for Ocean and Climate Action in Africa
- Blue Future Conference
- Santa Maria Call to Action