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dc.contributor.authorQuak, Evert-jan
dc.identifier.citationQuak, E. (2022). The Trend Of “De-Risking” In International Finance and Its Impact on Small Island Developing States. K4D Helpdesk Report no.1162. Brighton, UK: Institute of Development Studies. DOI: 10.19088/K4D.2022.079en
dc.description.abstractThis rapid review synthesises the literature from academic sources, knowledge institutions, non-governmental organisations (NGOs), and trusted independent media outlets on the challenges small island development states (SIDS) face when they lose correspondent banking relationships (CBRs). The rapid review concludes that, although the loss of CBRs is a global phenomenon, regions with SIDS, such as the Pacific and Caribbean, have seen the highest rates of withdrawals. During the last decade, local and regional banks in SIDS have lost and continue to lose bank accounts at large global banks to a critical level, sometimes having only one or none CBRs with banks in major economies, such as the Unites States, the United Kingdom, the European Union or Australia. This means that local banks have reduced access to financial services related to cross-border financial transactions, impacting on remittances and trade finance.en
dc.description.sponsorshipForeign, Commonwealth and Development Office (FCDO)en
dc.publisherInstitute of Development Studiesen
dc.relation.ispartofseriesK4D Helpdesk Report;1162
dc.subjectEconomic Developmenten
dc.titleThe Trend Of “De-Risking” In International Finance and Its Impact on Small Island Developing Statesen
dc.rights.holder© Crown copyright 2022en
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  • K4D [935]
    K4D supports learning and the use of evidence to improve the impact of development policy and programmes. The programme is designed to assist the Foreign, Commonwealth and Development Office (FCDO) and other partners to be innovative and responsive to rapidly changing and complex development challenges.

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