Economic Crisis

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.

Secretary-General Rebeca Grynspan calls on the shipping industry to help get food and fertilizers from the Black Sea to global markets.

The deal to export foodstuffs from Ukraine has helped bring down the prices of grains, cereals and oils.

UNCTAD chief Rebeca Grynspan said vulnerable nations need more support to face a severe cost-of-living crisis while still trying to recover from the COVID-19 pandemic.