Development Finance

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

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.

UNCTAD reflects on the past two years of the pandemic to derive valuable lessons for the future.

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

The conflict could widen the $3.6 trillion annual gap in financing needed to achieve sustainable development goals and worsen the debt burden in many developing countries.

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

By Chantal Line Carpentier, Drew D'Alelio, Bruno Cardoso Zuccolo, Olivier Combe and Raymond Landveld.

UNCTAD's Trade and Development Report 2019 maintains that it is public banking that does the heavy lifting and hence public banking should be better supported for the future.

Urgent talks on a looming global debt crisis take place in Geneva at the second session of the Intergovernmental Group of Experts on Financing for Development on 7-9 November.