Economic Diversification

UNCTAD supports the nation rich in aquatic resources to diversify its exports through the fisheries and aquaculture sector.

Targeted policy strategies and closer cooperation with other developing countries are essential to boosting the country’s resilience to economic shocks.

The East African island nation has launched a blueprint to equip entrepreneurs with the skills needed to build a knowledge-based and innovation-driven economy.

UNCTAD’s Empretec entrepreneurship programme has helped him formalize and grow his businesses, contributing to sustainable development in the country’s northern provinces.

By Paul Akiwumi, Director for Africa and Least Developed Countries, UNCTAD

UNCTAD brings together various stakeholders to discus how special economic zones contribute to economic diversification and sustainable development in Africa.

The European Union has approved additional funds for a project supporting the African nation’s quest to diversify exports and reduce its dependency on oil for economic growth.

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.

While it is the fastest growing economy in Latin America, the Dominican Republic’s economy is still not diversified enough, a joint report shows, highlighting what needs to be done.

An UNCTAD study highlights opportunities for Bhutan, Kazakhstan, Mongolia and Turkmenistan to diversify their exports and transform their commodity-driven economies.