UNCTAD Archives - Career Meaning

World News in Brief: UNCTAD development finance call, Nepal quake update, religious freedom in Nicaragua

·November 8, 2023·3 min read

That’s the message from the UN’s trade and development body UNCTAD, which called on Tuesday for urgent reform of the international financial system to support the world’s 46 Least Developed Countries. In line with the Sustainable Development Goals, or SDGs, these most vulnerable economies urgently require foreign investment to add...

Global economy a mixed bag, horizon uncertain: UNCTAD

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·October 4, 2023·2 min read

The UN Conference on Trade and Development (UNCTAD) reported that world economic growth is expected to decelerate from three per cent last year to 2.4 per cent through 2023, with limited signs of a rebound in 2024. These figures underscore the urgent need for reform of the global financial...

Countries must forge ‘Global Blue Deal’ to protect the ocean: UNCTAD

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·May 8, 2023·3 min read

That’s according to the UN Trade and Development body UNCTAD’s Trade and Environment Review 2023, published on Monday, which analyses the world’s $3-6 billion ocean economy, and assesses how human activity and multiple global crises have significantly impacted sectors like fishing, seafood, shipping and coastal tourism. The report, presented at the 3rd UN...

Lost decade looms for debt-ridden developing countries: UNCTAD

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·April 12, 2023·4 min read

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...

Global trade growth turns negative after record year: UNCTAD

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·December 14, 2022·2 min read

That’s according to UN trade and development agency, UNCTAD, whose analysts said that global growth “turned negative” during the second half of 2022. The UN agency said that trade in goods and services is expected to reach $25 trillion and $7 trillion respectively, by the end of the year. The...

Ports, shipping need to go green to resist future global crises: UNCTAD

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·December 5, 2022·2 min read

“Ships carry over 80 per cent of the goods traded globally, with the percentage even higher for most developing countries; hence the urgent need to boost resilience to shocks that disrupt supply chains, fuel inflation and affect the poorest the most,” the UN agency said in a new report on maritime transport. Between...

Cost of living crisis hits poorest the hardest, warns UNCTAD |

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·July 20, 2022·2 min read

UNCTAD’s analysis shows that a 10 per cent increase in food prices will trigger a five per cent decrease in the incomes of the poorest families, roughly equivalent to the amount those families would normally spend on healthcare. Unsafe products have long been a threat across borders. But 60% of countries...