The right to development is inextricably linked with trade which the world\u2019s poorest countries – now \u201cmired in debt\u201d through no fault of their own – have every right to pursue on much fairer terms, UN chief Ant\u00f3nio Guterres insisted on Wednesday.
\nIn a speech marking 60 years of UN Trade and Development \u2013 the agency previously known by the acronym UNCTAD – the UN Secretary-General highlighted the multiple challenges standing in the way of a more sustainable and inclusive global economy for all.
\n\u201cNew and protracted conflicts are having a ripple effect across the global economy. Global debt has soared while key development indicators, including poverty and hunger, have regressed,\u201d Mr. Guterres told the UN Trade and Development Global Leaders Forum.
\nOn a flying visit to Switzerland, Mr. Guterres reprised previous warnings that the world\u2019s international financial architecture \u201chas been exposed as outdated, dysfunctional, and unjust\u201d.
\nIt has \u201cfailed to provide a safety net for developing countries mired in debt\u201d, the UN chief insisted, as he issued the worrying assessment that the international trading system faces pressure \u201con all sides\u201d, to the extent that it is now \u201cteetering on the verge of fragmentation\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"
The right to development is inextricably linked with trade which the world\u2019s poorest countries – now \u201cmired in debt\u201d through no fault of their own – have every right to pursue on much fairer terms, UN chief Ant\u00f3nio Guterres insisted on Wednesday. In a speech marking 60 years of UN Trade and Development \u2013 the …<\/p>\n","protected":false},"author":3,"featured_media":24846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-24841","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international"],"_links":{"self":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts\/24841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/comments?post=24841"}],"version-history":[{"count":1,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts\/24841\/revisions"}],"predecessor-version":[{"id":24847,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/posts\/24841\/revisions\/24847"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/media\/24846"}],"wp:attachment":[{"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/media?parent=24841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/categories?post=24841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sudanevents.com\/index.php\/wp-json\/wp\/v2\/tags?post=24841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}