Source-This post on Fourth International Conference on Small Island Developing States (SIDS-4) has been created based on the article “The GEF at the Fourth International Conference on Small Island Developing States (SIDS-4)” published in “Official page of GEF” on 28 May 2024.
Why in News?
Recently, the Fourth International Conference on Small Island Developing States (SIDS-4) is going to be convened.
About Fourth International Conference on Small Island Developing States (SIDS-4)
1. About the Fourth International Conference on SIDS- The Fourth International Conference on Small Island Developing States (SIDS-4) is set to take place from May 27-30, 2024. The upcoming SIDS-4 conference will assess and aim to boost the sustainable development of these nations, focusing on their advancement towards the 2030 Agenda and Sustainable Development Goals (SDGs).
2. Members- The conference focuses on the distinct challenges of the Small Island Developing States (SIDS). It comprises of 39 States and 18 Associate Members of United Nations regional commissions. These countries are spread across three regions: the Caribbean, the Pacific, and the Atlantic, Indian Ocean, and South China Sea (AIS).
3. Challenges faced by SIDS
a. Small Island Developing States (SIDS) face distinct social, economic, and environmental challenges primarily due to their small geographical size, remote locations, and heightened susceptibility to climate change.
b. The EEZs of SIDS are, on average, 28 times larger than their land areas. This vast ocean territory underscores the significant role and responsibility these states have in managing marine resources.
c. Economic Challenges for SIDS include limited economic diversification, heavy reliance on tourism and remittances, economic instability from fluctuating income and commodity prices, and high levels of debt.
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