At the , UNCTAD called for urgent reforms to global debt management to prevent the current debt crisis from hindering long-term development and stability.
UNCTAD
Not long ago, we were deep in a cost-of-living crisis. Inflation has now eased a bit but geopolitics remain tense and the global economy is still struggling to recover.
But rather than moving towards more open trade, many countries are becoming more protectionist. Adding to the unease, countries are threatening to slap huge tariffs on major trading partners.
In the current climate, there are fears that escalating tariffs could lead to trade wars - a scenario with grim prospects for many developing countries. For more on the ins and outs of tariffs, tune in to the UNCTAD’s with Emily Blanchard, former Chief Economist at the U.S. State Department and Associate Professor at the Tuck School of Business at Dartmouth College.
A highlights how small island developing states are utilizing the ocean for climate action and urges increased global support to accelerate their efforts.
UN Trade and Development's promotes sustainable biodiversity conservation, fostering economic development through responsible trade practices while benefiting local communities and aligning with global agreements like the (CBD) and (CITES).
Foreign direct investment (FDI) rose 11% globally in 2024, but excluding conduit economies, it fell 8%, signaling shifts in economic dynamics and persistent uncertainties.
A global tax platform is vital for addressing financial challenges, expanding fiscal space, and enabling developing countries to invest independently by tackling tax avoidance and illicit financial flows.
looks at trade, industrial policy and the role of the private sector in promoting the interests of developing countries with special guest John Denton, Secretary General of the International Chamber of Commerce (ICC).
With a cascade of crises hitting the global economy, UN Trade and Development convened government leaders, top economists and other experts in Geneva earlier this year to chart a new course for development in a changing world.
For a deeper look at the forum and how the private sector can support inclusive development, to global business leader and advisor John Denton from the ICC.
Service exports, representing 25% of global trade, grew by 5% in 2023, outpacing the contraction in merchandise trade and gaining traction as a development strategy.
A highlights the rising global hunger crisis, urging urgent action and emphasizing how trade can stabilize food systems and reduce vulnerabilities.
Urgent action is needed to decouple economic growth from CO2 emissions, ensuring a sustainable future for all.
The new climate finance goal, set to be finalized at , aims to significantly increase funding for developing countries' climate efforts while improving transparency and accessibility.
The emphasizes how carbon markets can support LDCs' development and climate goals, despite challenges like limited influence and infrastructure.
Low growth, high debt, and fragmented trade are widening economic divides, urging the need for new development policies to promote sustainable growth.
Tanzanian entrepreneur Nicholaus Noah successfully addressed new non-tariff barriers in Ghana through the new mobile app by African Continental Free Trade Area (AfCFTA), leading to policy reversal and smoother trade for his sisal exports.
The world is facing an unprecedented development crisis: the debt crisis. warns that the global public debt has more than doubled from $51 trillion in 2010 and could exceed $100 trillion by 2024. Developing countries owe almost a third of this debt, and their debt is growing twice as fast as that of developed nations.