The World Bank requests Pacific countries to hold tourism close

Published on : Tuesday, September 5, 2017

Hands touching a globeSoon, the World Bank, one of the key international financial institutions will declare its blueprints for Pacific success at the annual meeting of the Pacific Islands Forum on Thursday. It considers tourism as the “crucial economic backbone”.

 
Taking advantage of the Chinese market alone, it says, tourism has the propensity to generate 65,000 jobs and improve the economy of the Pacific by over $1 billion.

 
The bank’s Pacific Possible report took three years in the process of the developing believes that “improved internet access and connectivity” could not only boost the output but generate chances for Pacific workers to connect with the global value chains.

 
Reforms in the information and communications technology have the opportunity to deliver new mobile phone access and affordability to almost 6 million islanders along with new 250,000 jobs and growing regional GDP by $4bn, it explains.

 
The Pacific Islands Forum summit will take place in Apia, Samoa, on Thursday and Friday.

 
However, the report cautions that if the region keeps on its current schedule, non-communicable diseases, for which “prevention is possible and achievable” — has the possibility, that by 2040, the region will incur a loss of up to 10 percent of GDP. It also anticipates climate change and natural disasters to keep on hampering the progress and increasing, “negating hard-fought development gains”.


(No Like Yet)

Related Posts

Tags:

Comments are closed.

arrow2Follow TTW
 
facebook-logo  twitter-logo  LinkedIn_logo  rss_logo 
ttw_blogger_logo  ttw_blogger_logo

ADVERTISEMENT

  • 01 WTM 2020
  • 02 WTM London 2020
  • 06 ITB Asia 2020
  • 06 SATTE-GenX-Virtual-Expo
  • 13 traveldaily20
  • 16 FHC 2020
  • 16 G&A 2020
  • 16 ITB asia 2020
  • 16 TAAPE 2020
  • 17 GWS-2020
  • 23 emitt 21
  • 30 PATA

TRAVEL INDUSTRY EVENTS

    1. THE ANNUAL HOTEL CONFERENCE (AHC)

      September 21 - September 22
    2. IT&CM ASIA

      September 22 - September 24
    3. KITF

      September 24 - September 26
    4. routes asia

      October 8 - October 10
    5. FOIRE DE TOURS 2020

      October 10 - October 18
Get our toolbar!
Review www.travelandtourworld.com on alexa.com