On October 8, 2026, the Ministry of Statistics and Programme Implementation (MoSPI) introduced a five-year strategy aimed at enhancing environmental-economic accounting. This initiative is designed to integrate the valuation of natural assets into the existing economic framework, which traditionally focuses primarily on Gross Domestic Product (GDP). By doing so, the MoSPI aims to foster sustainable policy-making that takes into account the ecological impacts of economic activities.
The new strategy emphasizes the importance of recognizing the value of natural resources in national accounts. This approach will enable policymakers to make informed decisions that promote both economic growth and environmental sustainability. The roadmap sets clear objectives for the period from 2026 to 2030, focusing on the development of comprehensive environmental accounts.
- Integration of natural asset valuation — This initiative will help policymakers assess the true wealth of the nation by including environmental factors.
- Framework for sustainable development — The strategy aims to guide economic policies that are mindful of ecological preservation.
The launch of this strategy is a significant step towards achieving sustainable development goals. By valuing natural assets, the MoSPI is promoting environmental awareness and encouraging sustainable practices.
