Globally, foreign direct investment flows declined by 2% to $1.3 trillion for the year. In developing countries, they fell by 7% to $867 billion.
The three-day gathering analyzed challenges in global trade disruptions, soaring public debt, climate change, and international finance and investment.
At Global Leaders Forum, Secretary-General Rebeca Grynspan highlights the organization’s new, forward-looking agenda and renewed commitment to developing countries in an increasingly multipolar global economy.
Developing economies have increased their share of world trade, becoming key players in global value chains. But rising emissions, persistent commodity dependence and growing public debt require urgent attention.
Dependence on a few commodities or sectors leaves countries highly vulnerable to price volatility and global shocks. Diversification is key to building more sustainable and resilient economies.
Trade is an underutilized tool in climate action. Better aligning trade policies with environmental and climate goals is key to creating better opportunities for all.
Global public debt has doubled since 2010, reaching a historic $97 trillion in 2023. More than 40% of the world’s population live in countries that spend more on debt interest payments than on education or health.
The digital transformation can drive economic growth, create jobs and reduce poverty. But it also poses growing environmental challenges, while widening digital divides risk worsening existing inequalities.
The report showcases the organization’s comprehensive efforts to address global challenges and harness trade as a driver for sustainable development.
The alarming surge in global debt burden calls for urgent reforms to the international financial systems to safeguard a prosperous future for both people and the planet.
