News

By Kweku Attafuah-Wadee, Lalen Lleander and Henrique Pacini, UNCTAD Economists

The world’s poorest nations face many obstacles, including soaring debt, export marginalization, energy poverty and climate vulnerability.

UNCTAD’s rapid assessment of the war’s impact on trade and development shows a rapidly worsening outlook for the world economy, with the situation especially alarming for African and least developed countries.

UNCTAD’s Empretec entrepreneurship programme has helped him formalize and grow his businesses, contributing to sustainable development in the country’s northern provinces.

Graduation presents an opportunity for the countries to develop strategies that can position the textile and clothing sector higher up the global value chain.

By Rachid Bouhia, UNCTAD Economist

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

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.