New Delhi, April 11 -- The CNO Future Fund in Vanuatu connects foreign investment with local economic development, focusing on renewable energy, agriculture, and infrastructure. This fund invests in productive industries, including coconut oil biofuel production.

Vanuatu has historically been dependent on tourism and raw commodity exports, making its economy vulnerable to global disruptions and natural disasters. By investing in local industries, the fund seeks to create long-term economic stability by supporting coconut farmers, refining facilities, and energy projects.

Daniel Agius, Chief Operating Officer of the Vanuatu Investment Marketing Bureau (VIMB), which manages the fund, highlighted the broader impact. "This isn't just about ...