Page 3 - Development Unctad News Today

REGIONAL trade as well as South-South trade can provide a significant opportunity for developing countries to diversify their production and export basket, according to the United Nations Conference on Trade and Development’s (Unctad) Trade and Development Report 2023. “Given the new industrial policy initiatives being adopted in advanced countries, which may shorten their existing supply

Unctad outlines conditions last year, with unemployment rate of 45% one of highest in world

Turkish company Karpowership has restored power to Guinea-Bissau's capital after cutting off supplies over an unpaid bill of $15m...

Bissau is plunged into darkness because a Turkish company cut supplies over a $15m bill.

Turkish firm Karpowership puts the lights back on after the government partially settles a $15m debt.

Abu Dhabi, Oct 19 (Prensa Latina) The Secretary General of Unctad, Rebeca Grynspan, highlighted among the challenges posed today by attracting investments, the reduction of risks, the creation of capacities and the reform of international financial structures.

A Turkish firm has cut power supplies to Guinea-Bissau's capital over an unpaid bill of at least $15m (£12m), plunging the city into darkness. Economy Minister Suleimane Seidi acknowledged the arrears, saying most of the bill would be paid in 15 days. Karpowership is one of the world's biggest floating power plant operators, with several African states relying on it for electricity.

Guinea-Bissau Capital Without Power Over Unpaid Bill

It causes revenue loss, promotes financial transactions via illegal network

The deal comes after junta leader Capt Traore asked President Putin to help set up a nuclear plant.