This event is part of a UN development Account project, which seeks to build capacities in four beneficiary SIDS - Belize and Saint Vincent and the Grenadines in Latin America and the Caribbean, and Cabo Verde and the Union of Comoros in Africa - to identify climate investment needs, align development priorities with external financing options, and design and implement innovative financing instruments that promote sustainable and climate-resilient development.
The event will take place in the Conference Room of the Oásis Atlântico Praiamar Hotel in Praia and will be attended in person by representatives of the Government, the private sector, academia, civil society organizations, United Nations System partners and multilateral organizations, as well as various national experts.
Objectives
- Present the two main project reports: (i) the financial strategy for mobilising climate finance, including through innovative financial instruments, to achieve sustainable and climate-resilient development without compromising Cape Verde's external and fiscal financial sustainability; (ii) the detailed roadmap for implementing the financial strategy.
- Engage stakeholders in assessing the feasibility and coherence of the financial strategy and implementation roadmap, ensuring national ownership and alignment with other ongoing government initiatives.
Expected results
- Strengthen Cape Verde's capacity to develop policies that enable the mobilisation of accessible external and domestic financial resources for sustainable and climate-resilient development without compromising external and fiscal financial sustainability.
- Increase awareness and understanding among stakeholders of the challenges of adopting innovative financial strategies adapted to the contexts of SIDS.
- Strengthen collaboration between the Government of Cape Verde, ECA, UNCTAD and the Resident Coordinator's Office in Cape Verde.
