The world’s poorest are being squeezed by trade uncertainty, heavy debt burdens and falling investment, the UN trade and development agency UNCTAD warned a week before ministers gather in Geneva for its largest meeting in four years.
Debt-ridden developing countries face years of economic pain brought on by a global growth slowdown, high interest rates and reduced investment, the UN Conference on Trade and Development (UNCTAD) warned on Wednesday.
Many developing countries may miss out on the benefits of the “green tech” revolution unless governments and the international community take decisive action now, the head of the UN Conference on Trade and Development (UNCTAD) said on Thursday, releasing its latest report.
Growth in emerging market and developing economies will be hit hard over the next two years, according to the World Bank’s latest Global Economic Prospects report.
In this episode of the UN Conference on Trade and Development’s Weekly Tradecast, Sarah Toms talks to Richard Kozul-Wright, Director of UNCTAD’s Globalization and Development Strategies team, about their major report out this week. He argues that despite the looming recession due to the Ukraine war, COVID and other crises, the world can change course, if countries put the right policies in place.
Billions of people are facing the greatest cost of living crisis in a generation due to rising food and energy prices amid rapid inflation and increasing debt, leaving the most vulnerable consumers in a dire situation, said the UN trade and development body, UNCTAD on Tuesday.
In the second episode of their Weekly Tradecast, UNCTAD talks to Paul Akiwumi, Director of the Africa, Least Developed Countries and Special Programme division. Soaring food and energy prices are hitting especially hard as the region struggles with the impact of the pandemic and climate change.
