Thu. Jun 20th, 2019

Palau, UNDP partner to safeguard biodiversity-rich landscapes of Palau

Koror, Palau – A project which will link biodiversity conservation to sustainable economic activity in Palau has been launched today with the signing of a partnership between the Government of the Republic of Palau and the United Nations Development Programme (UNDP).

The Integrating Biodiversity Safeguards and Conservation into Planning and Development in Palau Project will focus on establishing biodiversity conservation into integrated land and seascape governance, planning and management.

The project recognizes the fact that these land and seascapes underpin the lives and livelihoods of many local communities and that implementation of a coherent strategy to promote sustainable, biodiversity friendly livelihood options is an integral part of the solution.

“Indeed, one of the principles for this project’s implementation is to support and implement a participatory, consultative bottom-up planning and implementation approach focusing on state and community priorities,” said Minister of State for the Republic of Palau, Honorable Faustina Rehuher-Marugg.

“I believe the project will help states as well as the national government to ensure development interests are aligned to our nation’s social, economic and environmental goals. Sustainability, inclusiveness and stewardship are tenets in Palauan culture.”

Speaking at the launch in Koror, United Nations Assistant Secretary-General, UNDP Administrator and Regional Director for Asia and the Pacific, Haoliang Xu, said “UNDP is honoured to partner with the Government of Palau in accessing the funds from the Global Environment Facility (GEF) and implementing the project.”

“Our enduring commitment is to improve resilience of the Pacific island nations and help them protect their rich biodiversity and secure their ecosystems,” said Xu.

He added, “This project will address the negative impacts of unsustainable sector-led development practices on biodiversity-rich landscapes of Palau, including its productive coastal and marine ecosystems, while taking into account climate change adaptation needs and inclusive and equitable social and economic development for dependent communities, thereby contributing towards poverty alleviation, food security and sustainable agriculture and gender equality.”

The project will directly support conservation activities in Babeldaob Island as well as integrated multisector spatial zoning, planning and management in the Southern Lagoon states of Koror and Peleliu. It will also support the establishment of a Joint Coordination Body with representation from states, government, private sectors and non-government organisations.

The USD 4.2 million six-year project is funded by the Global Environment Facility and will be implemented from July 2018 through to July 2024. (PR)

 


ICB Bank and Pangea Foundation to cooperate on a password-based financial services business

June 14, 2019 - Palau ICB Bank will launch new financial services based on the Pangea Foundation and cryptography promote business.

ICB Bank on Thursday, the cryptographic currency foundation Pangea (PAN) and block chain-based cryptography and signed business agreement to promote the financial services business.

ICB Bank uses the Pangea Foundation's password currency 'Pangea' to combine financial services. We plan to jointly promote various Pin Tech businesses.

In particular, ICB Bank is working with Pangea Foundation. ICB Bank promote issuance of visa cards and master cards based on cryptography. The company is releasing debit cards that can be settled as collateral.

If a Visa or Master Card is actually issued, payment will be made in everyday life anywhere in the world. It is becomes possible, consumers can use the Visa/Master Card on-line merchant's Bitcoin, Ethereum.

The bank, a financial institution works with the Cryptographic Fund to provide financial services that can be applied in everyday life. The roll out is expected to be the first in the block chain pin tech industry.

An official from the Pangea Foundation said, "Working with the bank, in the future, global credit card companies and we will expand services to Eurpoe, Latin America and other countries in connection with possible banks." he said.

On the other hand, Cryptography Pangea (PAN) is an ERC20-based token used for remittance and payment. Adds a centralize authentication agreement to decentralized lenders technology for faster transaction rates. Billing platform at the same time. Currently, Indonesia, Vietnam, Uzbekistan, Europe, etc. and the Cryptographic Exchange of eight countries in Southeast Asia and Latin America.

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