The United Nations Office at Geneva
Multimedia Newsroom
Press Conferences | UNCTAD
UNCTAD – Rebeca Grynspan key messages: Trade and Development Report 2023
Key messages delivered by Rebeca Grynspan, UNCTAD Secretary-General (UN Conference on Trade and Development) this morning Wednesday 4th of October at the Palais des Nations in Geneva, on the occasion of the publication of the Trade and Development Report 2023.
Key messages delivered by Rebeca Grynspan, UNCTAD Secretary-General (UN Conference on Trade and Development) this morning Wednesday 4th of October at the Palais des Nations in Geneva, on the occasion of the publication of the Trade and Development report 2023.
"There are five messages that we want to emphasize from the Trade and Development report of this year. The first message is that the global economy is slowing down. This, despite the good news of the unexpected soft landing of the U.S. economy this year. But the perspectives of accelerating growth in the coming years are very slim.
The second message is that debt is a problem and that a lot of the developing countries are in a debt and development crisis. And debt has to be part of the discussion at the international level to be able to find the right solutions for restructuring debt in many developing countries, including middle income countries.
The third message is that investment is weak and credit is going down. So, the question of where the new sources of growth will come from has to be addressed.
And the fourth message is that we are worried about the market concentration, lack of competition in financialization of trade in very important markets, meaning energy, food, pharmaceuticals and digital are some examples.
So, the important thing is what are the policy recommendations?
On the one hand, we think that we need the policy mix, we have been calling for this. We think that interest rates should not be the only instrument use. And we have called for a revision of the inflation target of 2%, that could mean a collateral damage if not revised, especially for the developing countries, but also for the long term financial stability in the developed world.
The second recommendation is the reform of the international financial system. It would be the instruments to face the liquidity problems, the investment scale that is needed from the multilateral development banks, and, as I said before, a permanent mechanism to deal with the debt problem in the developing countries."
Similar Stories
1
1
1
Press Conferences | OCHA , WHO , UNHCR , IFRC , ILO , UNCTAD
Alessandra Vellucci of the United Nations Information Service (UNIS) in Geneva, chaired the hybrid briefing, attended by spokespersons and representatives of the United Nations Office for the Coordination of Humanitarian Affairs, the World Health Organization, the United Nations High Commissioner for Refugees, the International Federation of the Red Cross, the International Labour Organization and the United Nations Trade and Development.
1
1
1
Press Conferences | ITU , OSE , UNIFIL , UNICEF , OHCHR , WHO , FAO
Rolando Gómez of the United Nations Information Service (UNIS) in Geneva, chaired hybrid briefing, attended by spokespersons and representatives of United Nations Interim Force in Lebanon, the United Nations Children’s Fund, the Office of the High Commissioner for Human Rights, the World Health Organization, the Food and Agricultural Organization, and the International Telecommunication Union.
2
1
2
Press Conferences , Edited News | UNRWA
The head of the UN agency for Palestine refugees, UNRWA, confirmed on Monday that a large convoy of humanitarian aid was looted inside Gaza at the weekend, amid a near-total a breakdown in law and order and harassment of the agency’s staff by Israeli soldiers.
1
1
1
Press Conferences | OCHA , WHO
UN Geneva briefing: Ukraine's humanitarian crisis deepens, with 12,000 dead and 3.6M displaced.
2
1
2
Press Conferences , Edited News | OHCHR
Mexican actor, producer and director Diego Luna took a break from the big screen on Thursday to highlight the dangers faced by journalists in his country and beyond, condemning murders of reporters everywhere as “a scandal”.
1
1
1
Press Conferences | UNWOMEN , UNHCR , UNDP , UNRWA , WFP
Alessandra Vellucci, Director of the United Nations Information Service in Geneva, chaired a hybrid briefing, which was attended by the Deputy High Commissioner for Refugees, representatives and spokespersons of the United Nations Refugee Agency, the United Nations Development Programme, the World Food Programme, UN Women, and the United Nations Relief and Works Agency.
1
1
1
Press Conferences | UNHCR
Kelly Clements, Deputy High Commissioner for Refugees, briefs the Geneva press corps about the upcoming “1,000 days of full-scale war on Ukraine: urging solidarity with innocent victims”.
1
1
1
Press Conferences | OHCHR , UNHCR , IFRC , FAO
Alessandra Vellucci, Director of the United Nations Information Service in Geneva, chaired a hybrid briefing, which was attended by the representatives and spokespersons of the Office of the High Commissioner for Human Rights, the United Nations Refugee Agency, the International Federation of Red Cross and Red Crescent Societies, and the Food and Agriculture Organization.
1
1
1
Press Conferences | OHCHR
UN Human Rights Committee press conference to present findings on Ecuador, France, Greece, Iceland, Pakistan and Türkiye
1
1
1
Press Conferences | FAO
Media launch of the State of Food and Agriculture (SOFA) 2024
1
1
1
Press Conferences | WHO
Alessandra Vellucci, Director of the United Nations Information Service in Geneva, chaired a hybrid briefing, which was attended by the representatives and the spokesperson of the World Health Organization.
2
1
2
Press Conferences | UNCTAD
Presentation of the Least Developed Countries Report 2024: Leveraging Carbon Markets for Development