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.
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.
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
UNCTAD
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