Poor states face 17 per cent debt servicing rise, threatening growth, UN warns

Poor countries, already hit hard by the global financial and economic crisis in their efforts to fund social and health programmes, are facing a double blow this year with debt servicing increasing by over 17 per cent as a proportion of government revenue, a top United Nations trade official warned today.

Economic, financial crises far from over, warns latest UN trade report

The global recession is unprecedented in its depth and breadth, and has left no country unscathed, according a new report by the United Nations Conference on Trade and Development (UNCTAD) launche

Migrants increasingly vulnerable due to global recession, says UN trade body

Surging global unemployment triggered by the economic crisis is significantly affecting migrant workers, many of whom have lost their livelihoods and are returning to their home countries, experts said at a United Nations trade arm meeting today.

Poor countries need to rethink development model, UN report finds

The world’s poorest countries are bearing the brunt of the global economic crisis and their governments need to review the development model they have followed for the past three decades if they are to substantially reduce poverty and achieve long-term growth, a new United Nations report concludes.

Foreign direct investment policies of G20 nations generally positive, says UN report

A review conducted by the United Nations trade and development arm shows that the Group of 20 (G20) countries have for the most part refrained from taking policy measures that restrict foreign direct investment (FDI), but warns that some economic stimulus packages could give rise to “smart” protectionism.

Falling foreign investment to developing nations to worsen, warns UN official

Last year’s slump in companies investing in businesses abroad is likely to fall further before recovering in two years, hitting developing countries particularly hard in the meantime, the chief of the United Nations Conference on Trade and Development (UNCTAD) warned today.