News

During the four-day conference, world leaders, ministers of trade, leading economists and heads of UN agencies and global financial institutions called for a new development model, with socioeconomic transformation and sustainability at its centre.

The international debt system needs an overhaul to address unsustainable debt burdens in developing countries.

By Marisa Henderson, Chief, Creative Economy Programme, and Amy Shelver, Public Information Officer, UNCTAD

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

Egypt needs to update its policy approach to economic transformation to fully benefit from the African Continental Free Trade Area.

By Dr. Vinton G. Cerf, Vice President and Chief Internet Evangelist for Google

Solving the challenges facing this diverse group of nations, which are home to three out of four people, is critical to putting the world on a more sustainable and inclusive post-COVID-19 development path.