Stability and continuity are at the heart of the Falkland Islands Government Budget for 2020/21. The Budget recognises these two themes are essential in the time of uncertainty stemming from the global COVID-19 pandemic.
Passenger revenues are expected to fall to US$241 billion (down from US$ 612 billion in 2019). This is greater than the fall in demand, reflecting an expected 18% fall in passenger yields as airlines try to encourage people to fly again through price stimulation. Load factors are expected to average 62.7% for 2020, some 20 percentage points below the record high of 82.5% achieved in 2019.
Chile’s women and gender minister, a great-niece of the late dictator Augusto Pinochet, has resigned after just a month following a furious backlash to her appointment and a string of missteps in office.
As UNWTO leads the restart of tourism, the Secretary-General of the United Nations has sent a landmark message to the world, highlighting the sector’s unique role in advancing the 2030 Agenda for Sustainable Development and in protecting the most vulnerable members of our societies.
Brazilian development bank BNDES has suspended the payment of interest and principal on debt owed by municipalities and states through the end of the year, Chief Executive Gustavo Montezano said, citing the coronavirus pandemic.
The Falkland Islands remain confident of the British government's support and defense of their sovereignty and self-determination right, and is working closely with London to ensure the Falklands interests are contemplated in the Brexit negotiations.
The Brazilian Amazon has never lost so many square kilometers in eleven years. Between August 2018 and July 2019, 10,129 square kilometers of jungle were lost, according to the National Institute for Space Research (Inpe).