On 20 and 21 October 2022 at the UNCTAD Trade and Development Board’s 72nd executive session the high-level segment was held that dealt with the topic of getting the global economy back on track and the most pressing challenges.
The high-level segment was presided by the President of the Trade and Development Board and Permanent Representative of Latvia to the UN in Geneva, H.E. Ambassador Bahtijors Hasans. Prime Minister of Barbados Ms Mia Amor Mottley, First Deputy Prime Minister and Minister of Finance of the Netherlands Ms Sigrid Kaag, Deputy-Secretary General of the United Nations Ms Amina Mohammed and representatives of other countries addressed the participants.
In its national statement Latvia emphasized that Russian Federation’s aggression against Ukraine undermines the UN Charter, sustainable economic development as well as increases global food and energy prices. Latvia also underlined the positive contribution of our development cooperation projects to the UN Sustainable Development Goals.
Background information
UNCTAD was established in 1964, and it is responsible for the promotion of economy and sustainable development with the focus on trade, finance, investments and technologies. UNCTAD supports developing countries in their efforts to integrate themselves into the global economic system. UNCTAD operates like a forum for inter-governmental discussion on the issues of economic development; carries out research, policy analysis and data collection; provides significant technical assistance mainly to the least developed countries, and to a lesser extent, to countries in transition economy.
The Trade and Development Board, which is made up of 157 UNCTAD member countries, runs UNCTAD’s work between the conference sessions. The Trade and Development Board is responsible for drawing up UNCTAD programme plans.