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 | IFRC , OCHA , OHCHR , UNCTAD , UNHCR , UNOG , WHO , WMO
Rolando Gómez, Chief of the Press and External Relations Section at the United Nations Information Service in Geneva, chaired a hybrid press briefing, which was attended by the representatives and spokespersons of the World Meteorological Organization, the Office of the High Commissioner for Human Rights, the United Nations Refugee Agency, the Office for the Coordination of Humanitarian Affairs, the World Health Organization, and the International Federation of Red Cross and Red Crescent Societies.
1
1
1
Press Conferences | UNEP
UNEP Press conference: Minamata Convention on Mercury COP6
1
1
1
Press Conferences | WHO , WMO
Alessandra Vellucci, Director of the United Nations Information Service Geneva, chaired a hybrid press briefing, which was attended by spokespersons and representatives of the World Health Organization and the World Meteorological Organization.
1
5
1
1
Press Conferences | UNCTAD
Press conference on the launch of the Sevilla Forum on Debt, on the margins of the sixteenth United Nations Conference on Trade and Development (UNCTAD16).
1
1
1
Press Conferences | UNFPA , WFP , WHO , OCHA , WMO
Alessandra Vellucci, Director, United Nations Information Service Geneva, chaired a hybrid press briefing, which was attended by spokespersons and representatives of the United Nations Populations Fund, the World Food Programme, the United Nations Office for the Coordination of Humanitarian Affairs, the World Health Organization and the World Meteorological Organization.
1
1
1
Statements , Press Conferences | UNCTAD
Rebeca Grynspan, Secretary-General of UN trade and development (UNCTAD) briefs the media following the opening of the 16th Conference of the United Nations on Trade and Development (UNCTAD16) in Geneva.
1
1
1
Press Conferences | UNCTAD , WMO , WFP , UN WOMEN , WHO , OCHA
Rolando Gómez, Chief of Section, Public Information, chaired a hybrid press briefing, which was attended by spokespersons and representatives of the World Food Programme, UN Women, the Office for the Coordination of Humanitarian Affairs, the World Health Organization, the United Nations Conference on Trade and Development and the World Meteorological Organization.
1
2
1
Press Conferences | WMO
WMO Greenhouse Gas Bulletin
1
1
1
Press Conferences | WMO , UNICEF , UNDP , ICRC , WHO , OCHA
Alessandra Vellucci, Director of the United Nations Information Service in Geneva, chaired a hybrid press briefing, which was attended by the spokespersons and representatives of the United Nations Development Programme, United Nations Children’s Fund, the World Health Organization, the Office for the Coordination of Humanitarian Affairs, the World Meteorological Organization, and the International Committee of the Red Cross.
2
5
1
2
Press Conferences | UNCTAD
UNCTAD / 16TH CONFERENCE ON TRADE AND DEVELOPMENT
As the global economy undergoes tectonic shifts in trade, finance and technology, global economic and development leaders will gather in Geneva this month to chart a path through mounting uncertainty and fragmentation. Ahead of the 16th session of the United Nations Conference on Trade and Development (UNCTAD16), Secretary-General Rebeca Grynspan outlines how countries can navigate record debt, disrupted supply chains, volatile investment flows and accelerating digital transformation. UNCTAD / UNTV CH
1
1
1
Press Conferences | IFRC , UN WOMEN , UNHCR , UNICEF , UNRWA , WHO
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 United Nations Entity for Gender Equality and the Empowerment of Women (UN Women), the International Federation of Red Cross and Red Crescent Societies, the United Nations High Commissioner for Refugees, the United Nations Children's Fund, the United Nations Relief and Works Agency for Palestine Refugees in the Near East, the Office of the United Nations High Commissioner for Human Rights, and the World Health Organization.