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UNCTAD Deputy Secretary-General outlined a strategy for partnerships that help developing countries expand domestic refining and processing and better connect mining to other economic sectors.
The projections push growth further below the pre-pandemic average of 3% and far below the 4.4% average seen before the 2008-2009 financial crisis.
Shifts in financial markets move global trade almost as strongly as real economic activity, influencing development prospects worldwide.
A new UN Trade and Development report says reforms to global financial systems are key to reducing vulnerability, improving predictability and supporting stronger alignment between trade, finance and development.
Through the programme, UNCTAD and partners help more than 80 economies boost trade by cutting red tape and harnessing digitalization.
The investment signals the country’s renewed push for stronger productive capacity to drive economic transformation, inclusive growth and sustainable development.
A new report finds that the prolonged military operation and long-standing restrictions have driven the economy of the Occupied Palestinian Territory into its most severe contraction on record, wiping out decades of development gains and deepening fiscal and social fragility.
The crisis in Gaza has wiped out 69 years of human development and stands as the most severe economic crisis ever recorded.
By catalysing shifts in trade and consumption, plastics policy helps power innovation and sustainable industrialization on the continent.
Through research and capacity building, UNCTAD supports Africa to turn mineral wealth into development gains, fostering competitive industries and economic resilience.