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The 14th International Debt Management Conference renewed urgent calls for global financial system reforms to ensure debt supports development rather than undermining it.
Soaring interest payments are squeezing budgets, forcing governments to choose between repaying creditors and funding essential services.
Exporters from developing countries often face higher tariffs on finished goods than on raw materials, discouraging value addition, industrial growth and job creation.
The conference will explore the drivers of the current debt-driven development crisis, and how to improve resilience and risk management amid growing global uncertainties.
But momentum slowed in the second half of the year, and uncertainty looms for 2025 as shifting policies reshape the global landscape.
As trade uncertainty grows, global cooperation and balanced policies will be key to preventing economic fragmentation and safeguarding long-term growth.
The funding will enable UN Trade and Development and its partners to continue driving progress, fostering collaboration and building trade resilience amid global uncertainties.
Despite progress, women still contribute less to exports across all sectors. Closing the gap requires expanding their access to high-value sectors, strengthening labour rights and supporting their inclusion in larger enterprises.
Many developing economies rely heavily on a single ocean sector, leaving them vulnerable to sudden shifts in tariffs, market access or demand.
Dependence on coastal and marine tourism leaves them vulnerable to economic shocks. Diversification into emerging ocean sectors is key to building resilience.