UNCTAD

abbreviation

1. United Nations Conference on Trade and Development

Example Sentences

Global shipping -- which generally runs on diesel and other bunker fuels -- contributed to at least three percent of the world's greenhouse gas emissions, according to the latest statistics by the UN's trade and development body UNCTAD.

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Developing countries shoulder $31 trillion in global debt, double their share in 2010, according to UNCTAD, the UN body for integrating developing countries into the global economy.

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Unctad said advanced economies as a whole were worst hit by the decline in FDI flows, as the value of cross-border mergers and acquisitions fell 18% to $173 billion.

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However, Unctad said the U.S. had benefited from a high level of new projects in sectors related to AI, with $103 billion invested in semiconductors and $27 billion in data centers.

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Trade and Development, formerly known as UNCTAD, said the value of money owed by governments rose by $5.6 trillion from 2022.

Read more on Seattle Times