The SDG summit held in New York earlier this week highlighted the disappointing progress made toward achieving the UN’s 17 SDG goals by 2030, said Mr. Kagame. He commended the Secretary-General’s focus on the issue and emphasized that slow progress toward achieving SDGs would exacerbate economic disparities between countries. “This year’s...
According to a new UNCTAD report, developing countries actually face a staggering $4 trillion gap in sustainable development investments. UNCTAD Secretary-General Rebeca Grynspan said that a “significant increase” in material support for renewable energy in developing countries is “crucial” for the world to reach its climate goals by 2030. Poorer countries...
Over 200 international participants working with the mRNA Technology Transfer Programme had their first face-to-face meeting, in a bid to make one of the most revolutionary medical technologies which led the field in vaccine development against COVID-19, more widely and fairly available, in the places where it is most needed. ‘Lifesaving’ breakthrough:...
In a new report, UNCTAD projects that annual growth across large parts of the global economy will be below pre-pandemic levels in 2023. High interest rates combined with soaring debt levels will add to the “crushing” effect on developing countries over the coming years, to the tune of at least...
Globally, growth continues to slow sharply due to rising inflation and interest rates, reduced investment, and supply disruptions caused by Russia’s full-scale invasion of Ukraine. Any new adverse development could further push the global economy into recession, said the World Bank. This includes higher-than-expected inflation rates, abrupt rises in interest...
Although private digital currencies have rewarded some individuals and institutions, they are an unstable financial asset that can bring social risks and costs, the agency warned. UNCTAD said their benefits to some are overshadowed by the threats they pose to financial stability, domestic resource mobilization, and the security of monetary...