Source · Select Committees · International Development Committee
Fourth Report - The UK Small Island Developing States Strategy
International Development Committee
HC 476
Published 1 May 2024
Recommendations
8
Not Addressed
Ensure reported grant climate finance is disbursed as grants, not loans
Recommendation
The UK Government should ensure that any climate finance it reports as grant funding is disbursed to recipient countries as such, and not in the form of loans. (Paragraph 33) 42 The UK Small Island Developing States Strategy
Government Response Summary
The government's response discusses the overall scale of climate finance needed and the importance of mobilising private capital, but does not directly address the recommendation to ensure reported climate finance designated as grants is disbursed as such.
Conclusions (2)
1
Conclusion
Not Addressed
Para 14
We welcome the Government’s publication of the Small Island Developing States Strategy 2022–2026. Being a firm, committed supporter of SIDS in addressing their developmental and environmental challenges is not only morally right; it is also in the UK’s geopolitical interest. However, we are concerned that, given the absence of measurable …
Government Response Summary
The government welcomes the report and reiterates its commitment to supporting SIDS through international advocacy, programmes, and recent funding announcements, but does not address the committee's concern about the lack of measurable objectives in the SIDS strategy.
7
Conclusion
Not Addressed
Para 33
We are concerned that the UK labels the climate finance it provides via multilateral development banks as “grants”, but that these are disbursed in the form of loans to recipient countries.
Government Response Summary
The government's response details the scale of climate finance needed and the importance of mobilising private capital, but does not address the committee's concern regarding whether climate finance reported as grants is disbursed as loans through multilateral development banks.