Economic Crisis

It emphasizes the urgent need to remove the restrictions to help provide the economic base necessary to reverse the current trend of socioeconomic deterioration in the region.

Inflation, a shrinking fiscal space, a decline in foreign aid and the build-up of debt has kept the economy of the Occupied Palestinian Territory below its 2019 pre-pandemic level.

Budding economists and thought leaders showcased their research on finance and globalization, engaging with senior experts from across the globe.

The UN welcomes the continuation of the initiative, which has moved over 30 million tons of food, helping to bring down global prices and stabilize markets.

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.

From the ups and downs of global trade and investment to the risks of cryptocurrencies for developing countries, these are the most-read stories of the year.

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 renewal of the UN-backed initiative is vital to continuing to drive global food prices down and ensuring food security worldwide, especially in developing countries.

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