Economic Policy

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.

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.

Coronavirus pandemic recovery efforts should provide comprehensive social protection, fight climate change and ensure vaccines reach the poorest people quickly.

New projections show stronger growth than expected in 2021, but the untackled problems of inequality, indebtedness and weak investment threaten hopes for a more resilient future.

UNCTAD's Trade and Development Report 2020 says coordinated public action is urgently needed for a better economic recovery.

UNCTAD's Trade and Development Report 2020 says the multilateral system needs to lend a bigger hand to developing countries given the constraints on their fiscal space.

UNCTAD's Trade and Development Report 2020 warns that the global economy has grown more fragile, marred by deeper inequalities.

UNCTAD15, the UN trade and development body's fifteenth quadrennial conference, will take place under the theme “From inequality and vulnerability to prosperity for all” as the world seeks solutions for a global new normal.