U.N. trade agency adopts sweeping mandate tackling global debt crisis
UNCTAD also launched a new platform to stabilize borrower nations and mobilize capital for a costly green transition.
The 17 U.N. Sustainable Development Goals are a universal blueprint for a better world. Adopted by all 193 U.N. member nations, these goals provide a roadmap to address the most urgent global challenges — from ending poverty and hunger to improving health, education, and climate action. The diplomatic and international efforts to achieve these goals by 2030 depend on global cooperation and are essential for peace and prosperity.
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UNCTAD also launched a new platform to stabilize borrower nations and mobilize capital for a costly green transition.
António Guterres highlights 'impossible choice' for debtor nations; new platform for technical reform, not negotiation.
Operationally, UNCTAD, like other organizations, must navigate economic headwinds and severe budget limitations.
The U.N. chief stressed the lack of reliable funding now threatens the U.N.'s core mandate and its 'regular functioning.'
The IMF chief advises financial leaders to 'buckle up: uncertainty is the new normal and it is here to stay.'
Leaders used the high-profile ceremony in European Parliament to signal their efforts to deal with the cost of living.
The agreement also includes robust transparency requirements and a dedicated committee on compliance.
A new UPU report found the industry's growth has lagged by 71% behind the global economy over the past two decades.
Nations and organizations are watching to see if the legal foundation for the administration's trade deals will hold.
In a growing divide, advanced economies, which often export high-value, low-volume goods, were better positioned.
The twin moves reflect an attempt to navigate intense competition between the U.S., China, and the E.U.
A 15% U.S. tariff rate on most European goods is a key point, with specifics on the auto tariffs tied to E.U. lawmaking.
Asian economies are projected to remain the largest positive driver of world merchandise trade volume growth in 2025.
The U.S. tariffs for about 90 countries further undermine the global trade system led by the World Trade Organization.
The declaration underscored that complex global problems demand unified responses and strong political will.
Only 35% of 169 targets are on track or show "adequate progress," according to the U.N.'s new SDGs report.