Qatar is leveraging its resources to become a knowledge-based, diversified economy fuelled by a dynamic private sector. As such, the country is investing in strategic areas such as agriculture, services, and research and development to further move the economy away from its dependence on hydrocarbons and attract greater foreign direct investment.
More than two years after the start of the Covid-19 pandemic, many emerging markets are still dealing with high levels of plastic waste. Amid numerous environmental and health challenges, countries and companies alike are working on solutions to combat the issue.
The Bahamas has become the latest emerging market to seek to leverage its natural environs to fund projects to protect its environment, announcing plans to sell blue carbon credits before the end of the year.
A recent report found that relatively few companies in the Asia-Pacific region have adopted net-zero carbon emission strategies to date. Nevertheless, there are grounds for cautious optimism as pacesetters in the region announce ambitious targets and experiment with innovative decarbonisation strategies.
The World Bank has issued the world’s first wildlife conservation bond, raising money to protect endangered black rhino populations in South Africa. The move comes as governments and institutions alike continue to look for innovative ways to finance environmental projects in emerging markets.
As Africa’s largest gold miner and the world’s second-largest cocoa producer, Ghana has witnessed steady growth in recent years. While the country was impacted by the Covid-19 pandemic, it navigated the crisis better than many of its income-level peers, in large part thanks to measures aimed at boosting public revenue. Ghana aims to improve its fiscal deficit in 2022 to 7.4% of GDP.
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