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What small island nations – like Saint Lucia – need to survive and thrive in the post-pandemic world
May 21, 2020
Developing countries, including Small Island Developing States (SIDS) like Saint Lucia, are especially vulnerable to the impact of the COVID-19 pandemic. A fundamental shift in the development finance ecosystem is required to help small island nations cope and build resilience. The Country Financing Roadmap initiative will help countries unlock capital and invest in recovery.
Countries around the world are grappling with the consequences of the COVID-19 pandemic, and the devastating socioeconomic impacts are apparent as governments struggle to protect the health and well-being of citizens and respond effectively to rising unemployment and the drastic economic downturn.
The most vulnerable are the developing countries that do not always have the necessary resources and capacity to cope with the impact of a pandemic.
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In response to this drastic shift in our daily lives and the adverse impact on the global economic system, it is equally imperative to have a fundamental shift in the development finance ecosystem. Many of the most vulnerable developing countries, including Small Island Developing States (SIDS), may not be able to endure and recover from this crisis in the absence of adequate development finance support.
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