UNCTAD Current Affairs, GK & News

UNCTAD

The UNCTAD recently published its annual report 2019 and it highlighted that the repayments by developing countries on their external public debt may increase the stress on the economy. About UNCTAD The UNCTAD or United Nations Conference on Trade and Development is a permanent intergovernmental body established in 1964. It deals with issues in trade, ..

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October 7: World Cotton Day

World Cotton Day is observed on October 7 each year to promote the production, transformations, sale and consumption of cotton. Key facts 2022 marks the third anniversary of World Cotton Day. The theme for this year’s World Cotton Day is “Weaving a better future for cotton”. Its aim is to promote sustainable farming of cotton ..

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UNCTAD annual trade and development report

The UNCTAD has released its annual Trade and Development Report 2022. Key facts The UN report expects the world economy to grow 2.6% in 2022. This is 0.9 percentage points below last year’s projected rate. The growth is expected to further decelerate in 2023 to 2.2%. This would leave the real GDP below the pre-pandemic ..

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UNCTAD on Global Trade in 2021

According to UNCTAD’s Global Trade Update published on February 17th, global trade in goods continued strong in 2021, and trade in services finally returned to the levels of pre-COVID-19. Global trade touched $28.5 trillion which is a record level in 2021, according to the research. This shows a 25% increase over 2020 and a 13% increase over ..

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UNCTAD: Indian economy to expand by 7.2% in 2021

The United Nations Conference on Trade and Development (UNCTAD) has released its Trade and Development report on September 15, 2021. Key findings of the report According to the report, India’s economic growth rate will increased to a four-year high of 7.2 per cent in 2021 as compared to a contraction of 7 per cent in ..

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Rebecca Grynspan: 1st woman to head UNCTAD

UN General Assembly (UNGA) has approved nomination of Rebecca Grynspan to head United Nations Conference on Trade and development (UNCTAD). She is an economist from Costa Rica. Key Points She will be the first woman and Central American to lead Geneva-based organisation, UNCTAD. She was nominated as secretary-general of UNCTAD by Secretary-General Antonio Guterres. Background ..

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UN Investment Promotion award to Invest India

Context in Current Affairs: The United Nations Conference on Trade and Development (UNCTAD) recently declared “Invest India” as the winner of the United Nations Investment Promotion Award, 2020. The award recognizes outstanding achievements of investment promotion agencies spread all over the world. Around 180 such agencies were shortlisted for the award in 2020. Background The ..

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