Browse Tag

Tourism-dependent countries have been particularly hard-hit by the COVID-19 pandemic

NDB President Reposts to Brics Leaders, Outlines Priorities for NDB

4 mins read

The FINANCIAL -- Tourism-dependent countries have been particularly hard-hit by the COVID-19 pandemic, as their economies have been adversely affected by global travel restrictions. The Asian Infrastructure Investment Bank (AIIB) recently approved a USD20-million financing to the Cook Islands—one of the world’s most tourism-driven economies—to provide social and economic assistance to the country to mitigate economic disruption and support economic resilience. The loan is AIIB’s first project in the Cook Islands and is funded by AIIB’s COVID-19 Crisis Recovery Facility (CRF).…

Read More »

NDB President Reposts to Brics Leaders, Outlines Priorities for NDB

4 mins read

The FINANCIAL -- Tourism-dependent countries have been particularly hard-hit by the COVID-19 pandemic, as their economies have been adversely affected by global travel restrictions. The Asian Infrastructure Investment Bank (AIIB) recently approved a USD20-million financing to the Cook Islands—one of the world’s most tourism-driven economies—to provide social and economic assistance to the country to mitigate…