Despite setbacks due to repeated natural disasters, the island nation has enjoyed steady economic growth since the mid-2000s.
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.
Inequalities and vulnerabilities risk worsening long after a vaccine becomes available. UNCTAD charts a roadmap for a more inclusive and better recovery, emphasizing the need to reshape global production networks.
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.
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.
Written by Paul Akiwumi, Director for Africa and Least Developed Countries, UNCTAD
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