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VERSION:2.0
PRODID:unctad.org
BEGIN:VEVENT
UID:6aaa83f3075e5
DTSTART:20221020T130000Z
SEQUENCE:0
TRANSP:OPAQUE
DTEND:20221020T150000Z
LOCATION:Online and Geneva\, Switzerland
SUMMARY:High-level segment of the Trade and Development Board\, seventy-sec
 ond executive session
CLASS:PUBLIC
DESCRIPTION:Looking to the future: Getting the economy back on track and ad
 dressing the most pressing challenges\n\nA once-in-a-generation global cos
 t-of-living crisis has been unfolding since 2020 and\, with the war in Ukr
 aine\, it is now at critical levels. In the last three years\, the number 
 of people who are food insecure has almost tripled to 350 million people.\
 n\nPoverty has risen by 70 million people in just the first three months o
 f the year. Thirty per cent of middle-income countries and 60 per cent of 
 low-income countries are near debt distress. Inflation is at multi-decades
  highs.\n\nClimate change is hitting harder each year\, pilling up costs a
 t a time when countries lack the resources to deal with disaster\, let alo
 ne invest in their long-term development and achievement of the United Nat
 ions Sustainable Development Goals.\n\nTrade is being disrupted\, social u
 nrest is rising\, and peace and security are under threat.\n\nThese challe
 nges are all interconnected. To resolve the current cascade of crises\, sy
 stemic and transformative action will be needed\, focused on the three are
 as of work highlighted above: bringing prices down\; increasing liquidity\
 ; and preventing an even wider crisis in 2023. Cooperation in this context
  is an imperative.\n\nObjective\n\nThe objective of the high-level segment
  discussion at the seventy-second executive session of the Trade and Devel
 opment Board is to enhance political will and cooperation to face the curr
 ent pressing challenges\, through systemic and transformative action that 
 allows economies to get back on track.\n\nKey questions\n\n\nWhat kinds of
  systemic action are needed to bring commodity prices down? How is trade p
 olicy\, including recent United Nations-backed efforts such as the Black S
 ea Grain Initiative and the agreement for unimpeded access to Russian food
  and fertilizers\, able to help in the current context? How can further fo
 od trade export restrictions be avoided?\n \nHow can the world deal with 
 an emerging finance and debt crisis in developing countries? How can count
 ries “undo the knot” and obtain sufficient fiscal resources at a time 
 when capital flight is high? What is the role of special drawing rights an
 d multilateral development banks in finding a solution?\n \nWith winter l
 ooming on the horizon in the Northern Hemisphere\, how can cooperation be 
 sustained to avoid solutions that leave out many vulnerable countries? How
  can a global scramble for energy resources\, particularly natural gas\, b
 e avoided?\n \nIn light of the twenty-seventh Conference of the Parties i
 n November 2022\, how can climate funding for developing countries be fost
 ered? How can the international community go from the billions at hand to 
 the trillions needed in the quest to fund the climate transition and to ac
 hieve the Sustainable Development Goals?\n\n\nFormat\n\nThe session will b
 e hybrid\, and the UNCTAD Secretary-General will convene a panel discussio
 n. People who are unable to attend the session in person can follow the di
 scussion on UN Web TV.\n\nProgramme\n\nIntroductory remarks:\n\n\nMs. Rebe
 ca Grynspan\, Secretary-General of UNCTAD\n\n\nPanel discussion:\n\n\nMs. 
 Mia Amor Mottley\, Prime Minister of Barbados\nMs. Sigrid Kaag\, First Dep
 uty Prime Minister and Minister of Finance of the Netherlands\nMs. Amina M
 ohammed\, Deputy Secretary-General of the United Nations\n\n\nInteractive 
 debate with Member States of UNCTAD\n\nClosing remarks by Ms. Rebeca Gryns
 pan\, Secretary-General of UNCTAD\nhttps://media.un.org/en/asset/k1t/k1tqb
 igz7l\n\nView meeting on unctad.org\nhttps://unctad.org/meeting/high-level
 -segment-trade-and-development-board-seventy-second-executive-session
DTSTAMP:20260916T115635Z
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