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World Bank Group’s East Asia and the Pacific regional vice-president Victoria Kwakwa said the World Bank’s recently launched report, Banking on Protected Areas: Promoting sustainable nature-based tourism to benefit local communities...She said the report makes the case that the promotion of susta

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The Minister of State for Overseas Development Aid and Diaspora, Colm Brophy TD, and Asian Development Bank (ADB) Vice President, Ahmed Saeed, today co-hosted a virtual consultation with leaders from the small island states of the Pacific aimed at preparing for a sustainable post COVID-19 recover

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The COVID-19 pandemic has devastated the economies of many small island developing states, particularly given their heavy reliance on tourism, a sector that has been on pause for almost a year...As they work to recover from the pandemic, they are tapping into new, innovative financing m

Charting a “Green Path” for Recovery from COVID‑19

Should the economic recovery from the 2019 novel coronavirus disease (COVID-19) be green? The current crisis is so severe that we should not take the answer for granted. It requires serious thought and we start by reviewing some arguments for and against a green approach. A crucial element is of course to see how different industries fare in the current crisis. Our empirical contribution is to examine daily stock returns for firms from the STOXX Europe 600 index.