Economics Explained on MSN19d
The World’s Smallest Economy Is DisappearingTuvalu, with a GDP of just $63 million, is the smallest economy on Earth. But it’s not just disappearing economically - rising sea levels may soon make it unlivable.
World Bank Grants US$7 Million to Strengthen Tuvalu’s Climate Resilience and Disaster Preparedness
According to the World Bank Group’s 2024 Pacific Atoll Countries Climate and Development Report, climate-related disasters result in economic losses equating to nearly 7% of Tuvalu’s GDP annually.
Pacific International Trust Company (PITCO) Limited has been contracted early this month to provide consultation on the ...
The World Bank has today committed US$7 million in new grants to support Tuvalu’s financial management of and resilience to climate-related disasters. The Tuvalu Second Climate and Disaster Resilience ...
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