Disruptions in the Strait of Hormuz are sending shockwaves through the global energy system. Vulnerable economies are on the front line: of 75 economies – least developed countries (LDCs) and small island developing states (SIDS) – 65 depend on imported oil. For these countries, rising energy prices will translate into higher costs and difficult trade-offs … Continue reading Strait of Hormuz Disruptions: The burden of oil price shocks on vulnerable economies
Category: UNCTAD
© UN Trade and Development (UNCTAD) | Secretaries-General Rebeca Grynspan (right) and Carla Barnett (left) met in New York during the high-level week of the 80th session of the UN General Assembly. 25 September 2025 Home to many small island developing states, economic resilience is just an option but a necessity for the Caribbean towards long-term … Continue reading UNCTAD and CARICOM sign first cooperation agreement to support Caribbean resilience
The required target amount will surprise some November 4, 2024 The world is on the cusp of a new agreement aimed at massively scaling up financing for developing countries’ efforts to tackle climate change. Deliberations on a new collective quantified goal (NCQG) for climate finance are expected to conclude at the United Nations climate change conference COP29 set … Continue reading A new climate finance goal is on the horizon…
Past discourses and development partnerships in support of Small Island Developing States (SIDS) have focused on their geographical and demographic sizes and their remoteness from international markets. However, SIDS also face systemic risks, structural vulnerabilities, and underdeveloped production structures with minimal supply networks. In addition to their disproportionate vulnerabilities to climate-induced natural disasters and sea … Continue reading UNCTAD strategy to support small island developing States
The United Nations Trade and Development agency, UNCTAD, has recently released a policy brief on the implications of losing Correspondent Banking Relationships for small countries such as those in the Caribbean. It sheds light on a significant, and complex, issue. UNCTAD Policy Brief N0. 115 Banks often use intermediary banks through Correspondent banking relationships (CBRs) … Continue reading Correspondent banking relationships and trade