This commitment will support the efforts of Small island Developing States (SIDS) to develop their economies through the sustainable use of their vast oceans resources.

Having often limited domestic revenues and high debt which limits their access to additional loans, SIDS critically rely on concessional finance. Current OECD work on SIDS financing will quantify overall concessional flows to SIDS and explore financing approaches and mechanisms through with the international community can enhance the effective use of resources, catalyse new flows, and stimulate a more coordinated response to the financing needs to SIDS. This work will be published in an OECD report by the end of 2017 and will inform international, regional and country-level policy discussions with a view to promote more effective and catalytic use of concessional resources for sustainable development in SIDS.