4 NOVEMBER 2021
The Caribbean Development Bank (CDB) has proposed a resilience-adjusted Gross National Income (GNI) measure for Small Island Developing States (SIDS) to access concessional finance.
Termed the Recovery Duration Adjuster (RDA), this measurement framework better reflects the economic, social, and environmental realities of SIDS, including those in the Caribbean region. The framework is based on two key principles. Firstly, it takes a holistic view of development needs and incorporates underlying structural weaknesses, high debt levels, and insufficient investment in resilient infrastructure as important inputs in determining the extent of a country’s vulnerability to exogenous shocks.