Despite setbacks due to repeated natural disasters, the island nation has enjoyed steady economic growth since the mid-2000s.
The island nation seeks to overcome the challenges on its development path to sustain the spectacular economic growth it has achieved in recent years.
The COVID-19 economic crisis is forecast to reverse years of painstaking development progress in education and nutrition, and to pull 32 million people back into extreme poverty.
Gold accounts for 77% of the $40 billion worth of under invoiced extractive commodity exports from Africa, according to UNCTAD research. Diamonds represent 12% and platinum 6%.
By Paul Akiwumi, Director for Africa and Least Developed Countries, UNCTAD
The government sees honey as a product that could help diversify the country’s oil-dependent economy and is working with UNCTAD and the European Union to improve production and boost exports.
By Paul Akiwumi, Director of Division for Africa and Least Developed Countries, UNCTAD
A new call to action urges countries to make BioTrade a lever for recovery and resilience in the wake of the pandemic.
The project is a point of convergence for conservation and sustainable use of marine resources, and a driver for a blue and green recovery from COVID-19.
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