News

By Rachid Bouhia, UNCTAD Economist

By Rolf Traeger, Chief, Least Developed Countries Section, UNCTAD

Estimates indicate that annual climate adaptation costs in developing countries could reach $300 billion in 2030 and, if mitigation targets are breached, as much as $500 billion by 2050.

Developing countries are already suffering relative economic losses three times greater than high-income countries due to climate-related disasters.

Participants from around the world submitted essays on the nexus between trade and gender, as part of an UNCTAD capacity-building initiative.

Without better state capacity – ability to accomplish policy goals – the world’s poorest countries will remain on the margins of the global economy.

In 2021, the global economy will bounce back with growth of 5.3%, the fastest in nearly 50 years. The rebound is, however, highly uneven along regional, sectoral and income lines, according to UNCTAD’s Trade and Development Report 2021.

The world needs more effective multilateral coordination, without which recovery efforts in advanced countries will damage development prospects in the South and amplify existing inequalities, says UNCTAD’s Trade and Development Report 2021.

By Paul Akiwumi, Director for Africa and Least Developed Countries, UNCTAD

The UNCTAD-led eTrade for Women initiative is creating regional networks to help women digital entrepreneurs access the resources needed to succeed and contribute to sustainable development.