The Seventh Asia Pacific Forum on Sustainable Development (APFSD) held on 20th May in Bangkok-Thailand, was convened as a virtual meeting for the first time, complying with the ‘new normal’ in the COVID 19 context, and Sri Lanka’s Permanent Representative to the United Nations Economic and Social Council for Asia and the Pacific (UNESCAP), H.E. (Mrs.) Samantha K. Jayasuriya, Ambassador of Sri Lanka to Thailand, was elected by acclamation as the Chair of 7th APFSD and will serve for a period of one year.
The 7th APFSD was held under the theme ‘Accelerating action for and delivery of the 2030 Agenda in Asia and the Pacific’. Recalling that the UN has declared a ‘Decade of Action’ in realizing the 2030 Agenda, Ambassador Jayasuriya, addressing the Opening Session underscored the importance of multi-stakeholder partnerships and well coordinated response at national, and regional levels, including with all institutions and all members of society, as well as from the multilateral cooperation framework, in moving forward.
Joining the Opening Session online from New York was the United Nations Deputy Secretary-General Amina J. Mohammed, and the United Nations Under-Secretary-General and Executive Secretary of ESCAP Ms. Armida Salsiah Alisjahbana, and H.E. Mr. Don Pramudwinai, Minister of Foreign Affairs, Thailand, also addressed the Session. The speakers highlighted the need to change the challenges posed by COVID-19 crisis into new opportunities. They suggested on enhanced investments in social protection and health care, developing economic models aiming at green jobs, leveraging on innovations to advance technology based solutions while bridging the digital divide and enhancing scientific cooperation in the Asia Pacific Region etc.
Joining from Colombo, Dr. Sugath Yalegama, Director General of the Sustainable Development Council of Sri Lanka shared Sri Lanka’s responses to contain the COVID 19 and actions taken in accelerating progress on the 2030 Agenda for Sustainable Development. Emphasizing the necessity and importance of focusing on immediate and medium term strategies, in the post COVID 19 context, he also highlighted that the new realities need to be incorporated into the goals and targets of 2030 Agenda.
The Session was joined online by over 730 participants representing member States, major stake holders, civil society and NGOs, and was declared opened by H.E. Fidelis Magalhães, Minister for Legislative Reforms and Parliamentary Affairs of the Democratic Republic of Timor-Leste, as the outgoing Chair of the 6th APFSD. The annual Asia-Pacific Forum on Sustainable Development (APFSD) is an inclusive intergovernmental forum and a regional platform for supporting countries, in particular those with special needs, in the implementation of the 2030 Agenda for Sustainable Development.
Ms. Shiranthi Ratnayake, Additional Director General, National Planning Department, Ms. Samanthi Senanayake, Director and Ms. Sheron Hewawaduge, Assistant Director, Sustainable Development Council of Sri Lanka joined virtually from Colombo, and Mrs. Poornima Gunasekera, Head of Chancery, Mr. Anil Sirimanna, Counsellor (Commerce), and Ms. Saritha Ranatunga, Second Secretary of the Sri Lanka Mission in Bangkok also represented the GOSL delegation to the 7th APFSD.
Nothing captures the imagination quite like an island of luxury and excess. Believe it or not, there are 46 island nations in the world, and many of them are home to the world’s elite. Here are the 20 richest island nations in the world, according to the International Monetary Fund’s rankings of GDP per capita.
Palau – $16.27K Located in the South Pacific, Palau is a collection of over 500 beautiful, picturesque islands. Formerly a territory of the United States, Palau became a sovereign nation in 1994. It owes its status as one of the richest island nations to a strong tourism industry, which attracts the world’s wealthy to its many private islands and exclusive resorts.
Seychelles – $16.38K Seychelles is not only one of the world’s richest island nations, it’s also one of the wealthiest nations in Africa. It owes some of this economic success to a thriving tourism industry for the world’s elite, including Prince William and Kate Middleton. Seychelles is also a haven for offshore banking and has been labeled a haven for “tax-dodgers.”
Trinidad and Tobago – $16.93K Trinidad and Tobago consists of two islands in the Caribbean with a bustling tourism industry and, more importantly, a wealth of national resources such as oil and gas, that keep its economy moving. As a major shipment point in the Caribbean, Trinidad and Tobago is also a hub for cocaine smuggling, which contributes to the country’s relatively high crime rate.
La Brea Pitch Lake, La Brea, Siparia, Trinidad and Tobago. Photo taken as part of the Southern Trinidad Aerial Photo Project, a small project sponsored by WMDE. Drone used: DJI Phantom 4. Snapshot taken from video footage via VLC.
Hanuman statue, Carapichaima, Couva-Tabaquite-Talparo, Trinidad and Tobago.
Antigua and Barbuda – $17.48K Despite high rates of inequality and poverty, Antigua and Barbuda retains a high GDP thanks to its tourism industry and its status as an offshore tax haven for Western industrialists such as Texas billionaire Allen Stanford, who invested heavily in Antigua and operated an offshore bank on the island nation before being convicted of creating a massive Ponzi scheme.
Saint Kitts and Nevis – $17.96K Saint Kitts and Nevis attracts many tourists to its beautiful islands every year. In recent years, however, this tropical paradise has become a centre of investment for its valuable passport, which allows visa-free access to 128 countries. The catch, however, is that you must invest in the nation if you’re planning to call yourself a citizen.
Barbados – $18.37K Barbados is one of the most well-developed nations in the Caribbean, with a thriving tourism industry and a reputation as a tax haven. Not many billionaires reside in Barbados full-time, but numerous members of the super rich own property on the idyllic island, including the owners of the Sandy Lane, one of the most exclusive resorts in the world.
Aruba – $24.88K Like many islands on this list, Aruba relies on tourism for its economy. This can be treacherous when global markets are slow, but recent years have been good to Aruba. In 2013, the Ritz Carlton, Aruba opened, lending the Caribbean nation a touch of class and helping it earn a reputation as a playground for the rich.
Taiwan – $25.53K Unlike many of the wealthy island nations on this list, Taiwan has a sizeable population and a long-standing industrial base. In recent years, Taiwan has become a major hub for electronic exports. Despite increasing tensions and competition from mainland China, Taiwan retains a strong, independent economy.
Bahrain – $26.53K Bahrain is a small island state in the Persian Gulf, with much of its wealth coming from the discovery of oil, but Bahrain has diversified by liberalizing its economy and becoming a major hub for tourism and trade in the region. The wealthy from the Gulf States flock to Bahrain for its liberal nightlife and more tolerant legal system.
Cyprus $27.86K Located in the Mediterranean Sea, Cyprus is an island nation with a distinctly European flavour. Some of the island is currently under the occupation of nearby Turkey, but Cyprus continues to prosper. In recent years, Cyprus has attracted wealthy foreigners to invest in the island, with the promise of quick access to Cypriot passports.
Malta – $30.56K Like other island nations on this list, Malta attracts wealthy foreigners to the Mediterranean island with the promise of a convenient passport. As a member of the European Union, Malta’s passport is attractive to outsiders. Likewise, its promise not to tax nationals on income or wealth earned abroad makes the Maltese passport an ideal choice for the world’s wealthy.
Puerto Rico – $32K The US territory of Puerto Rico was harmed by the effects of Hurricane Maria in 2017, yet its GDP remains strong compared to its Latin American neighbours. This could be due to trade, Puerto Rico’s connection to the United States, the use of the US dollar, and stronger labour regulations than neighbouring states.
Coast Guard Barque Eagle sailed into San Juan, Puerto Rico, May 21, 2014, for a four-day port call, as part of the school ship’s training schedule to sail to the Caribbean, along the East Coast, to Canada, and throughout New England. Following San Juan, Eagle is scheduled to visit Oranjestad, Aruba; Cozumel, Mexico; Miami; Sydney, Canada; St. Johns, Canada; New York; Bourne, Mass.; and Rockland, Maine. Eagle will return to New London City Pier in early August. During these voyages, Eagle will train four different groups of approximately 150 cadets each. (U.S. Coast Guard photo)
The Bahamas – $34.33K Like several other island nations on this list, the Bahamas attracts tourists with its beautiful tropical beaches and high-class resorts, as well as tax laws that have caused some to describe it as a tax haven. In addition, celebrities like Johnny Depp and Eddie Murphy own private islands in the Caribbean nation.
Japan – $40.11K Japan might seem like an odd fit for this list, considering it has the world’s third-largest economy, but it is still an island. Japan owes much of its current stature to the post-war “economic miracle” that occurred between the 1960s and 1990s, allowing the island nation to become a global hub for culture, design, auto manufacturing, and, most importantly, technology.
051115-N-8492C-125 Pacific Ocean (Nov. 15, 2005) – The Japan Maritime Self-Defense Force (JMSDF) destroyer JDS Kongou (DDG 173) sails in formation with other JMSDF ships and ships assigned to the USS Kitty Hawk Carrier Strike Group. The Kitty Hawk Carrier Strike Group is currently conducting the bilateral Annual Exercise 2005 (ANNUALEX) with Japan Maritime Self-Defense Force. ANNUALEX focuses on improving the military-to-military relationship between the U.S. and Japan. The purpose of ANNUALEX is to improve bilateral interoperability, defend Japan against maritime threats and to improve capability for surface warfare, air defense and undersea warfare. U.S. Navy photo by Chief Photographer’s Mate Todd Cichonowicz (RELEASED)
New Zealand – $41.62K In recent years, New Zealand has become a hub for the world’s technology elite, even wooing Silicon Valley investors and entrepreneurs like Peter Thiel. Advocates for the island explain that it owes this reputation to a welcoming business climate unencumbered by the regulations of starting a business in the United States.
The Emerald Lakes seen from the Red Crater. This is about half way on the Tongariro Alpine Crossing, one of the most impressive walks in New Zealand.
United Kingdom – $48.26K The United Kingdom may have a long reach around the globe, but the country itself consists of the island of Great Britain (along with Northern Ireland). The United Kingdom has long been one of the world’s wealthiest nations, thanks to a long history of imperial conquest, innovation, and long-established trade routes with former colonies.
Pictured is an aerial view of HMS Queen Elizabeth, HMS Iron Duke (centre) and HMS Sutherland (right). The carrier is shown conducting vital system tests off the coast of Scotland. HMS Queen Elizabeth left Rosyth, where she has been under construction since 2014, to conduct sea trials. Type 23 frigates Sutherland and Iron Duke joined the 65,000-tonne aircraft carrier, along with Merlin Mk2 helicopters of the Fleet Air Arm, to guard the seas as the trials get under way. The Queen Elizabeth Class Carriers are the biggest warships ever built for the Royal Navy – four acres of sovereign territory, deployable across the globe to serve the United Kingdom on operations for 50 years. HMS Queen Elizabeth and HMS Prince of Wales will be the most advanced warships in the Royal Navy fleet. They are the future flagships of the nation. Initially the ships will carry helicopters. The vast flight deck and hangar can accommodate any helicopter in Britains military inventory. From 2020, however, our punch will be delivered by the F35 Lightning II, the worlds most advanced stealth fighter-bomber.
Stitched Panorama
Hong Kong – $48.23K Hong Kong, currently a pseudo-autonomous “Special Administrative Region” of the People’s Republic of China, became a centre of trade in Asia as a colony of the British Empire. Presently, as Asia’s economy continues to grow, Hong Kong is benefitting from that history. The region now has more multi-millionaires than New York City.
Singapore – $61.23K Singapore was recently the setting for the Hollywood film Crazy Rich Asians, which speaks to the city-state’s high GDP and concentration of wealth. Located at the tip of southern Malaysia, Singapore has historically benefited from being a hub for trade in Asia, and it has long attracted the continent’s wealthiest businesspeople and elite to its shores.
Ireland – $75.19K Ireland has a long history of emigration due to poor economic circumstances, which is why you can find signs of the Irish diaspora around the world. In recent years, however, Ireland has attracted corporations and big tech companies with its business-friendly tax policies, allowing it to become one of the wealthiest island nations in the world.
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Iceland – $75.7K Cold and remote Iceland, located in the middle of the Atlantic Ocean, once had an economy that relied mostly on fishing. However, Iceland has diversified its economy in a number of ways over the past half a century, investing heavily in tourism, financial services, and natural resources, making it the richest island nation in the world.
