News

During the four-day conference, world leaders, ministers of trade, leading economists and heads of UN agencies and global financial institutions called for a new development model, with socioeconomic transformation and sustainability at its centre.

Good policy choices and actions will make the difference in steering technological change towards economic recovery and development outcomes that leave no one behind.

Productive transformation must be inclusive and sustainable to build back better after the COVID-19 pandemic and avoid a “lost decade” of development.

As multilateralism fails to provide many developing countries with the tools they need to respond to the COVID-19 pandemic, regional cooperation offers hope to building back better.

The world needs equitable access to COVID-19 vaccines so positive economic conditions can return to all countries and ensure well-functioning global value chains.

The international debt system needs an overhaul to address unsustainable debt burdens in developing countries.

The asymmetry between developed and developing countries in the supply of COVID-19 vaccines shows a multilateral system in urgent need of repair.

The pandemic has heightened attention to the gaping divides between and within societies, offering an opportunity to change course and move from rhetoric to action, world leaders say at ministerial conference.

World leaders say inaction over the climate crisis, COVID-19 and the plight of the world’s most vulnerable is at our own peril. Action must incorporate trade’s best aspects.

Decades of hard-won development progress are slipping away. A bold, sustainable and inclusive global recovery is urgently needed.