News

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.

As centers of economic activity, special economic zones are a crucial development tool for nations. A new global alliance could help amplify SEZ voices alongside a push to modernize the zones.

Investment promotion agencies form Costa Rica, Mauritius, the Netherlands the Republic of Korea and Seychelles are honoured during the 7th World Investment Forum.

Governments need to create pro-investment environments for business models that integrate social, environmental and health imperatives, world investment forum hears.

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

The UNCTAD-led eTrade for Women initiative is creating regional networks to help women digital entrepreneurs access the resources needed to succeed and contribute to sustainable development.