Debt and Development Finance

International financial system reforms and tax cooperation are crucial to effectively mobilizing much-needed funds for sustainable development.

The annual conference generates new momentum to combat climate change, but much work remains to help developing economies translate ambition into impactful solutions.

Here’s a deeper look at the new target for post-2025 climate finance and what more the international community needs to do to deliver concrete progress.

Secretary-General Rebeca Grynspan said high borrowing costs stifle growth and drain financial resources, restricting investments in infrastructure, social services, and climate action.

In 2023, the market value of carbon credits from these vulnerable economies sat at $403 million – just 1% of total bilateral development aid.

Global climate finance needs a quantum leap in both quantity and quality to address developing economies’ needs for a just transition towards sustainability and resilience.

Discover key analytics in trade and development, drawn from the UNCTADstat Data Centre. These insights offer a clear look at the numbers behind critical issues shaping the global future.

Multilateral action and strategic policy shifts are key to helping countries achieve sustainable development and navigate the risks and opportunities of a new growth era.

The Summit of the Future is an opportunity to mend eroded trust in multilateralism and create hope for a better tomorrow, says UN Trade and Development chief Rebeca Grynspan.

Amidst a polycrisis, these countries face an increasingly unsustainable financial situation, with high structural deficits and unaffordable debt, underscoring the urgent need for international action.