Press Release:- The Caribbean Development Bank (CDB) is calling on developed countries to re-allocate 2% of their latest Special Drawing Rights (SDR) to facilitate investment in climate adaptation measures in small island developing states (SIDS). CDB President Dr Gene Leon said, “With only 25% of flows so far going to adaptation and with priorities in national developed contributions overwhelmingly emphasising adaptation needs, small island developing states are falling behind, yet have no choice but to adapt to climate change now. Given current debt sustainability challenges in the Caribbean, it is crucial that we identify and pursue innovative approaches to help scale up
