Muizzu Backs Debt Relief Mechanism to Address Climate Financing Needs of SIDS

President Mohamed Muizzu expressed strong support for the Debt Sustainability Support Service (DSSS) as a vital instrument for Small Island Developing States (SIDS) facing debt and climate financing challenges. Speaking as Co-Chair of the Strategic Advisory Group of SIDS, Muizzu said operationalising the DSSS would catalyse sustainable development. He noted many SIDS are in debt distress while grappling with climate financing needs. The Maldives is highly climate-vulnerable, with 80% of land less than one metre above sea level. Muizzu advocated for a debt-relief-for-resilience-building mechanism, linking debt relief to resilience investments. He called the upcoming Fourth International Conference on Financing for Development a golden opportunity to rally support for the DSSS.

President Mohamed Muizzu expressed strong support for the Debt Sustainability Support Service (DSSS) as a vital instrument for Small Island Developing States (SIDS) facing debt and climate financing challenges. Speaking as Co-Chair of the Strategic Advisory Group of SIDS, Muizzu said operationalising the DSSS would catalyse sustainable development. He noted many SIDS are in debt distress while grappling with climate financing needs. The Maldives is highly climate-vulnerable, with 80% of land less than one metre above sea level. Muizzu advocated for a debt-relief-for-resilience-building mechanism, linking debt relief to resilience investments. He called the upcoming Fourth International Conference on Financing for Development a golden opportunity to rally support for the DSSS.

President Mohamed Muizzu expressed strong support for the Debt Sustainability Support Service (DSSS) as a vital instrument for Small Island Developing States (SIDS) facing debt and climate financing challenges. Speaking as Co-Chair of the Strategic Advisory Group of SIDS, Muizzu said operationalising the DSSS would catalyse sustainable development. He noted many SIDS are in debt distress while grappling with climate financing needs. The Maldives is highly climate-vulnerable, with 80% of land less than one metre above sea level. Muizzu advocated for a debt-relief-for-resilience-building mechanism, linking debt relief to resilience investments. He called the upcoming Fourth International Conference on Financing for Development a golden opportunity to rally support for the DSSS.

This story involves 1 source and may affect public understanding of climate finance / debt relief.