Lost decade looms for debt-ridden developing countries: UNCTAD
New York: Debt-ridden developing countries face years of economic pain brought on by a global growth slowdown, high interest rates and reduced investment, the UN Conference on Trade and Development (UNCTAD) warned on Wednesday.
Developing countries face ‘impossible trade-off’ on debt: UNCTAD chief
New York: Spiralling debt in low and middle-income countries has compromised their chances of sustainable development, the head of UN trade facilitation agency UNCTAD has warned.
Cities and local government must focus on well-being of people in developing countries
New York: While the scale and severity of the COVID-19 pandemic is being felt in developing and developed countries alike, the President of the UN General Assembly maintained on Monday that the response must focus on “the two-thirds of the world’s population at risk of being left behind”.
New York, July 13 (IBNS): Citing climate change as being caused by “emissions accumulated throughout history”, the head of China’s Xiamen Airlines told the United Nations High-Level Political Forum on Sustainable Development (HLPF) in New York on Friday that heavy carbon dioxide emitters should “take on greater responsibility” to ameliorate the problem.
Impact of high debt levels on least developed countries ‘cannot be overstated’, says UN
New York, Apr 14 (IBNS): The impact of high levels of debt on development efforts “cannot be overstated”, the head of the United Nations Development Fund (UNDP) told a Ministerial Breakfast Meeting on least development countries (LDCs) on Saturday.
Overseas investment falling, developing countries largely unscathed: UN trade agency
New York, Oct 16 (IBNS): Foreign direct investment (FDI) has dropped 40 per cent year-on-year so far, the UN Conference on Trade and Development (UNCTAD) said on Monday, but the $470 million decline is happening mainly in wealthy, industrialized nations, especially in North America and Western Europe.
Uncertainty threatens to hamper investment in developing countries: new UN report
New York, June 7 (IBNS): Financial uncertainty caused by “significant risks” to global trade, is responsible for a sharp fall in international investment flows which could hurt developing countries the most, according to a new UN report, released on Wednesday.