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 | OHCHR
Impact of unilateral coercive measures on economic, labour and social rights
1
1
1
Press Conferences | IOM , UNICEF
Alessandra Vellucci, Director of the United Nations Information Service in Geneva, chaired a hybrid press briefing, which was attended by the representatives and spokespersons of the United Nations Children’s Fund and the International Organization for Migration.
1
1
1
Press Conferences | HRC , UNOG
Latest report of the Independent International Commission of Inquiry on the Occupied Palestinian Territory, including East Jerusalem, and Israel.
1
1
1
Press Conferences | OHCHR
Press briefing: Human rights situation in Gaza and across the occupied Palestinian territory
1
2
1
Press Conferences | UNIDIR
Launch of the Cluster Munition Monitor 2025 report
1
1
1
Press Conferences | WIPO , WMO , OHCHR , UNICEF , UNHCR , WHO
Michele Zaccheo, Chief, UNTV, Radio and Webcast Section, United Nations Information Service (UNIS) in Geneva, chaired the hybrid briefing, which was attended by spokespersons and representatives from the Office of the United Nations High Commissioner for Human Rights, United Nations Children's Fund, United Nations High Commissioner for Refugees, World Health Organization, World Intellectual Property Organization, World Meteorological Organization, and the United Nations Office for the Coordination of Humanitarian Affairs.
2
1
2
Press Conferences , Edited News | HRC
A high-level independent rights probe into the Sudan crisis on Tuesday condemned the many grave crimes committed against civilians by all parties to the war, citing disturbing evidence indicating that they had been “deliberately targeted, displaced and starved”.
1
1
1
Press Conferences | IFRC , OCHA , WHO , IOM , UNICEF
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, UN Women, the International Organization for Migration, the United Nations Children’s Fund and the International Federation of the Red Cross.
1
1
1
Press Conferences | IFRC , OHCHR
Alessandra Vellucci, Director of the United Nations Information Service (UNIS) in Geneva, chaired the hybrid briefing, which was attended by spokespersons and representatives from the International Organization for Migration, the International Federation of Red Cross and Red Crescent Societies, the World Meteorological Organization, the World Health Organization, and the Office of the United Nations High Commissioner for Human Rights.
2
3
2
Press Conferences | WMO
Launch of the World Meteorological Organization (WMO)'s Air Quality and Climate Bulletin 2024.
1
1
1
Press Conferences | OHCHR
The UN disability rights committee (CRPD) presented the findings of its 33rd session on DPRK, Finland, Kiribati, Maldives and the Occupied Palestinian Territory.
1
1
1
Press Conferences | HRC
UN Human Rights Council President Ambassador Jürg Lauber briefs the press in Geneva ahead of the Council's 60th session.