Debt

The world’s most vulnerable economies need urgent global action as current crises threaten to reverse decades of development gains.

Climate change is compounding the debt crisis in developing countries. UNCTAD spells out the actions necessary to safeguard the world’s sustainable development ambitions.

Delivering the 18th edition of UNCTAD’s Raúl Prebisch Lecture, he called for developing countries to be at the centre of solutions to the crisis.

Amid cascading crises and inequalities, developing countries face major challenges with a complex creditor base as borrowing burdens increase and risks of debt distress grow.

The climate emergency, a global cost-of-living crisis, debt distress, widening inequalities and other overlapping crises call for political leadership and multilateral action.

At the General Assembly, UNCTAD chief Rebeca Grynspan joined UN leaders, heads of state and global activists in a call to tackle multiple crises and get back on track to building a better future.

The UN trade and development body joins governments and international organizations gathered in New York to tackle interlocking and complex global crises and to support developing countries.

The two organizations will broaden their existing cooperation to promote the ocean economy, curb plastic pollution, support least developed countries, bolster the digital economy and boost gender equality.

A new technical assistance project will modernize the Palestinian debt management system and train officials.

Experts propose bold policy ideas and innovative financing instruments to help developing countries build forward better.