UNCTAD at 60

With the global economy at a critical juncture, they suggested solutions for complex challenges, including managing debt, promoting trade, diversifying economies and reducing inequalities.

The three-day gathering analyzed challenges in global trade disruptions, soaring public debt, climate change, and international finance and investment.

Trade and foreign affairs ministers and experts tackled emerging challenges in a complex, multipolar global economy, advocating for renewed multilateralism built on solidarity and equality.

The Global Leaders Forum marking the organization's six decades featured speeches from the presidents and prime ministers of Barbados, Brazil, China, Comoros, Cuba, the Dominican Republic, Madagascar and Timor-Leste.

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.

Marking the organization’s 60th anniversary, António Guterres praised UN Trade and Development's new, forward-looking agenda and renewed commitment to amplifying advocacy for developing countries.

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.

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.