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âThe world is discovering the Pacificâ
Tarawa Atoll, the capital of Kiribati. Keystone / Richard Vogel
SWI swissinfo.ch talks to Yasmine Chatila Zwahlen, the Swiss ambassdor to Kiribati, Nauru, Papua New Guinea, the Solomon Islands and Vanuatu about Switzerlandâs growing role in the Pacific and why the region will become increasingly important on the world stage.
This content was published on February 11, 2021 - 09:00
February 11, 2021 - 09:00
Urs Wälterlin
Job-sharing ambassador
Swiss diplomat Yasmine Chatila Zwahlen (born 1963) observes events in the Pacific based in the Australian capital Canberra â not just as special envoy for the region, but also as ambassador to Kiribati, Nauru, Papua New Guinea, the Solomon Islands and Vanuatu. She job-shares the head of mission role in Canberra with her husband, the Swiss ambassador to Australia, Pedro Zwahlen.
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In the wake of the COVID-19 pandemic, small businesses in least developed countries (LDCs) are seeing revenues plummet and are struggling to access financing.
Many LDCs depend on foreign aid, and are fearful that cuts to aid budgets will further set back their economic development.
It’s crucial that aid funding is spent as effectively as possible to attract more private investment to LDC small businesses.
The private sector is ready. Funds such as the SDG500 are already supporting small businesses in LDCs to remain afloat.
Small businesses in the world’s least developed countries (LDCs) are facing enormous challenges. Many have been left cash-strapped due to plummeting revenues during national and global COVID-19 lockdowns. Banks and other financiers have slashed lending at a time when small businesses need it most. And other forms of finance and credit are thin on the ground, making it nearly impossible for them to grow and build financial resilience.
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