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Demand for commodities and critical energy transition minerals accounted for 23% of project values over the past two years, compared to under 10% in other developing regions.

Foreign investment flows to Africa slightly declined in 2023, but significant investments in the clean energy sector offered a positive highlight.

Developing economies of Asia are home to 60% of the world’s megaprojects, the latest World Investment Report shows.

Globally, foreign direct investment flows declined by 2% to $1.3 trillion for the year. In developing countries, they fell by 7% to $867 billion.

The two organizations signed an agreement to bolster joint research related to trade, and better engage with students from the Caribbean region.

With the global economy at a critical juncture, they suggested solutions for complex challenges, including managing debt, promoting trade, diversifying economies and reducing inequalities.

The three-day gathering analyzed challenges in global trade disruptions, soaring public debt, climate change, and international finance and investment.

Trade and foreign affairs ministers and experts tackled emerging challenges in a complex, multipolar global economy, advocating for renewed multilateralism built on solidarity and equality.

The Global Leaders Forum marking the organization's six decades featured speeches from the presidents and prime ministers of Barbados, Brazil, China, Comoros, Cuba, the Dominican Republic, Madagascar and Timor-Leste.

At Global Leaders Forum, Secretary-General Rebeca Grynspan highlights the organization’s new, forward-looking agenda and renewed commitment to developing countries in an increasingly multipolar global economy.