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Global policy coordination remains key to safeguarding the world economy amid shifting trade patterns, soaring debt, and the climate crisis hitting developing countries hard.
In 2022, Official Development Assistance loans rose by 11% to $61 billion, while grants fell by 8% to $109 billion – a shift that could increase developing country debt burdens.
Written by Taffere Tesfachew, Member of the Council of the UN Technology Bank for the Least Developed Countries
The 27th Commission on Science and Technology for Development convenes in Geneva from 15 to 19 April.
Set for 21 to 24 May, the forum will help forge more sustainable and resilient global production and distribution networks facing unprecedented challenges.
The organization, in close consultation with SIDS member States, has worked to develop a stand-alone, high-impact, new-generation SIDS strategy
Despite reaching historical levels in 2022, Official Development Assistance decreased by 2% ($4 billion) for developing regions, affecting over 70 countries and almost 3 billion people.
Set for 21 to 24 May, the forum seeks to forge more sustainable and resilient global production and distribution networks facing unprecedented challenges.
The organization is committed to expanding its reach and amplifying its voice as a firm advocate for developing countries in the global economy.
The strategic move underscores the organization's commitment to greater impact, with a new, clearer visual identity aiming to better reflect its work and values and to amplify its voice on behalf of developing countries.
