Trade and development

The United Nations Conference on Trade and Development (UNCTAD) said in a report today that maritime traffic through the Strait of Hormuz has come to a near halt, with a 95 per cent drop in daily ship transits over the past month, according to UNCTAD report released today. UNCTAD forecasts a drop in world GDP to about 2.6 per cent by the end of the year.

Following are UN Secretary-General António Guterres’ remarks to the United Nations Conference on Trade and Development (UNCTAD) XVI Conference, in Geneva today:

In the Central African Republic, the UN Mission there continues to support the country’s peace process, including through the disarmament, demobilization and reintegration process. From 16 to 20 October, it facilitated the disarmament and demobilization of ex-combatants in Bangui and in Mobaye.

The World Food Programme (WFP) warns that over 1 million people in Myanmar will be cut off from food assistance, starting in April, due to critical funding shortages. The cuts will also impact almost 100,000 internally displaced people in Rakhine, who will have no access to food without WFP assistance.

In Somalia, the Office for the Coordination of Humanitarian Affairs warns that drought conditions are looming in several areas of the country due to prolonged extreme dry conditions, with hundreds of thousands of families likely to be impacted.

The UN Population Fund (UNFPA) today launched a $1.4 billion humanitarian appeal to address the unique needs of women and girls trapped in, or uprooted by, the wave of emergencies occurring around the world.

Faced with mounting debt, rising financial constraints, dwindling foreign investment and illicit financial flows, speakers in the Second Committee (Economic and Financial) urged international actors to address and reverse pernicious obstacles to achieving the Sustainable Development Goals (SDGs).

The UN, along with humanitarian aid partners, last night launched a response plan calling for $9 million to support 43,000 people impacted by Hurricane Beryl in Grenada and Saint Vincent and the Grenadines. Immediate action is crucial, particularly in light of what is expected to be a very intense hurricane season.

Following are UN Secretary-General António Guterres’ remarks to the Global Leaders Forum for the sixtieth anniversary of UN Trade and Development (UNCTAD), in Geneva today:

The United Nations Conference on Trade and Development (UNCTAD) released a report today on how attacks on Red Sea shipping are reshaping global trade routes. Higher fuel consumption from rerouted trade could result in a 70 per cent rise in greenhouse-gas emissions for these trips, and shipping costs have skyrocketed.