This week at the UN’s flagship trade and development conference, nations highlighted the mounting struggles of developing countries — chief among them, crushing debt. With levels at record highs, calls for action have intensified, and a new initiative emerged from the conference to tackle the crisis.
But a wide gap remains between what developing countries want and what developed nations can get on board with. |
Rebeca Grynspan, Unctad secretary general, speaks at the 16th trade and development conference in Geneva, 20 October 2025. (Keystone/Salvatore Di Nolfi)
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