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.
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.
Planned joint initiatives will improve the ability of countries in the Pacific to better tackle challenges such as climate change and pandemics such as COVID-19.
Small island nations face an existential and developmental threat from ship-source pollution endangering their vulnerable marine ecosystems and ocean economies. An effective international legal regime can help.
Written by Pamela Coke-Hamilton, UNCTAD Director of International Trade and Commodities
The increasingly unsustainable use of marine resources for economic activities has hurt the health of our oceans, seas and coasts. Governments and businesses have the opportunity to turn the tide and make blue economy sectors more "green" in the wake of the coronavirus crisis.
Written by Simonetta Zarrilli of UNCTAD and Nursel Aydiner-Avsar, Associate Professor, Akdeniz University
Written by By Pamela Coke-Hamilton, Director, Division on International Trade and Commodities, UNCTAD
UNCTAD
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