Government Spending

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.

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.