The 2017 report provides a first assessment of progress in implementing the Financing for Development outcomes in a challenging global environment characterized by slowing economic growth and humanitarian crises. Please visit this link to see all the details. External trade indices and indicators of manufactured goods exports. (Quarterly/Fuel imports as percent of total imports), T19.Q.FX. "Our sector gives them the chance to make a living. The predicted loss of global income in trillions of dollars will spell serious trouble for developing countries, with the likely exception of China and India, the report says. Policy brief on Tourism and COVID-19. (Quarterly/Fuel imports as percent of total exports), T19.Q.RU.$ (Quarterly/Ratio of unit value indices of MGX and FM/$). Even as advanced economies are discovering the challenges of dealing with a growing informal workforce, this remains the norm for developing countries, amplifying their difficulties in responding to the crisis. In the face of a looming financial tsunami this year, the UNCTAD proposes a four-pronged strategy that could begin to translate expressions of international solidarity into concrete action. According to the new analysis from United Nations Conference on Trade and Development (UNCTAD), the UN trade and development body titled ‘The COVID-19 Shock to Developing Countries: Towards a ‘whatever it takes’ programme for the two-thirds of the world’s population being left behind’, commodity-rich exporting countries will face a $2 trillion to $3 trillion drop in investments from overseas in the next two years. Informal public dialogue on the progress of the Inter-agency Task Force on Financing for Development in preparing its 2020 Financing for Sustainable Development Report, HLPF side event of the Inter-agency Task Force on Financing for Development on the 2019 Financing for Sustainable Development Report, The UN Financing for Sustainable Development Office wants your opinion. (Annual/Fuel imports as percent of total imports), T19.A.FX. The report shows that in two months since the virus began spreading beyond China, developing countries have taken an enormous hit in terms of capital outflows, growing bond spreads, currency depreciation and lost export earnings, including from falling commodity prices and declining tourist revenues. It would help bring about a more equal distribution of income and reverse decades of environmental degradation. It compiled them into nine chapters — on cross-cutting issues, the seven action areas of the Addis Agenda, and on data. The speed at which the economic shockwaves from the pandemic has hit developing countries is dramatic, even in comparison to the 2008 global financial crisis, the UNCTAD said. The 2017 report provides a first assessment of progress in implementing the Financing for Development outcomes in a challenging global environment characterized by slowing economic growth and humanitarian crises. Tourism is one of the world’s most important economic sectors. UN Trade Report Says World Economy Will Go Into Recession Due to COVID-19 Pandemic, IMF Says World Already in Recession, Emerging Markets Need $2.5 Trillion, The World Can’t Beat the COVID-19 Pandemic Unless the G20 Gets Its Economics Right. The International Trade Statistics Yearbook: Volume I – Trade by Country and Volume II – Trade by Product provide an overview of the latest trends of trade in goods and services showing country and product profiles of international trade, respectively. There are occasions when a user may require premium service to obtain trade data. To earn not just a wage, but also dignity and equality. This action area covers the quantity and quality of domestic resource mobilization such as taxation, budgeting of resources, and use of resources, along with accountability and SDG alignment. Trade Report? UNCTAD is monitoring the effects of the global pandemic on manufacturing, trade, foreign direct investment and economic growth. Free access to detailed global trade data. With two-thirds of the world’s population living in developing countries facing unprecedented economic damage from the COVID-19 crisis, the UN is calling for a $2.5 trillion rescue package for these nations. United Nations: The world economy will go into recession this year with a predicted loss of trillions of dollars of global income due to the coronavirus pandemic, spelling serious trouble for developing countries with the likely exception of India and China, according to a latest UN trade report. UN Comtrade is a repository of official international trade statistics and relevant analytical tables. In this regard, a fee will be charged to cover the costs of providing such services. These could include bulk download of millions of records, more powerful Data API or special professional assistance. UN Comtrade Database Free access to detailed global trade data. “The economic fallout from the shock is ongoing and increasingly difficult to predict, but there are clear indications that things will get much worse for developing economies before they get better,” UNCTAD secretary-general Mukhisa Kituyi said. Beginning with 2017 edition, part 1 of the yearbook was completely redesigned to consider new additions of graphs, tables and analytical text for global, regional and selected trade or economic groupings (release note). “Advanced economies have promised to do ‘whatever it takes’ to stop their firms and households from taking a heavy loss of income,” said Richard Kozul-Wright, UNCTAD’s director of globalisation and development strategies. Despite signs of progress, investments that are critical to achieving the Sustainable Development Goals (SDGs) remain underfunded and parts of the multilateral system are under strain. Even before the pandemic, the 2020 Financing for Sustainable Development Report (FSDR) of the Inter-agency Task Force noted that there was backsliding in many areas. It added that while the full details of these stimulus packages are yet to be unpacked, an initial assessment by the UNCTAD estimates that they will translate to a $1 trillion to $2 trillion injection of demand into the major G20 economies and a two percentage point turnaround in global output. Annual E-Learning Course on Statistics of International Trade in Services Organized jointly by UNSD and UNCTAD in cooperation with WTO 21 September - 30 October 2020 External trade conversion factors in US dollars per national currency. World Trade Report. The 2018 World Trade Report examines how digital technologies are transforming global commerce. Overview (in tables, charts and analytical text) of the latest trends of trade in goods and services of World, selected region and trade groups, and most countries and areas in the world. The global economic recession and financial turmoil from COVID-19 are derailing implementation of the Addis Ababa Action Agenda and achievement of the Sustainable Development Goals (SDGs). Also Read: IMF Says World Already in Recession, Emerging Markets Need $2.5 Trillion. The UNCTAD said that in recent days, advanced economies and China have put together massive government packages which, according to the Group of 20 leading economies (G20), will extend a $5 trillion lifeline to their economies. This action area covers the production of high quality disaggregated data for policy making, as well as data gaps and monitoring challenges. This section covers those initiatives and issues that build on the synergies of the SDGs and address critical gaps in their delivery, including gender equality and infrastructure finance. The 2019 Financing for Sustainable Development Report (FSDR) of the Inter-agency Task Force on Financing for Development warns that mobilizing sufficient financing remains a major challenge in implementing the 2030 Agenda for Sustainable Development. According to reports, the death toll from the coronavirus pandemic has soared past 35,000 while the number of confirmed cases topped 750,000 globally. Photo: Shome Basu/The Wire. “Even so, the world economy will go into recession this year with a predicted loss of global income in trillions of dollars. UN Secretary-General Antonio Guterres .

The changing global environment underscores the importance of maintaining flexibility in addressing pressing issues in the FfD follow-up process.

The Task Force has two goals:to monitor progress on the Addis Agenda and advise governments on Financing for Sustainable Development. The World Trade Report is an annual publication that aims to deepen understanding about trends in trade, trade policy issues and the multilateral trading system. The preview of new data extraction is accessible for public testing at main data extraction page. This action area covers recent trends in debt levels and debt sustainability as well as efforts as debt crisis prevention and debt crisis resolution. We stand ready to provide technical assistance that can help countries mitigate or recover from the economic impacts of COVID-19. He added: “But if G20 leaders are to stick to their commitment of ‘a global response in the spirit of solidarity’, there must be commensurate action for the six billion people living outside the core G20 economies”. To address risks and close implementation gaps, the report recommends policy priorities to guide public and private stakeholders as they scale up SDG financing. This action area covers measures to strengthen the multilateral trading system, facilitate international trade, and promote policy coherence in trade. World Trade Report. These include, among others, setting the right incentives to align private sector investment decisions with long-term sustainable development, enhancing institutional and regulatory frameworks for effective economic governance and strengthening international cooperation in order to support developing countries in delivering the 2030 Agenda. All data is accessible through API. This action area covers access to technology, the creation of innovation systems, research & development, and international support including with capacity-building. The report, however, did not give a detailed explanation as to why and how India and China will be the exceptions as the world faces a recession and loss in global income that will impact developing countries. What is the 2018 Report about? In each chapter, commitments and actions are organized by thematic clusters, for which the Task Force presents options for monitoring. Also Read: The World Can’t Beat the COVID-19 Pandemic Unless the G20 Gets Its Economics Right.


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