Page 11 - Unctad News Today

AfCFTA can accelerate Africa's interregional trade which currently stands at 15 per cent, by developing regional value chains as a foundation for Africa's participation in global value chains.

Cotton-4 countries receive support from UN and international

Latest report by the United Nations Conference on Trade and Development (UNCTAD) has revealed that about 50 million Small and Medium scale Enterprises (SMEs) are suffering from about $416 billion unmet financing needs annually in Nigeria and other African nations.

Over seven per cent of India's population owns digital currency, according to the UN, which said that the use of cryptocurrency rose globally at an unprecedented rate during the Covid-19 pandemic.

The UN trade and development body UNCTAD said that in 2021, developing countries accounted for 15 of the top 20 economies when it comes to the share of the population that owns cryptocurrencies.

UN says, 7.3% of Indian population owns digital currency according to 2021 data making India 7th highest in the world

Despite export diversification been a policy priority for Africa, the United Nations Conference on Trade and Development (UNCTAD) has expressed concerns that fewer than half of all African countries have succeeded as insufficient progress...

"Turkey played a very, very constructive role through all the diplomatic means but also through the involvement of the military," UNCTAD Secretary-General Rebeca Grynspan told DW. Military issues needed to be solved "to really have a secure passage for the grain in the Black Sea."

Garg added that if you look at the report the new inflows were down by $3-4 billion, while gross inflows went up by $3-4 billion which means $6-7 billion increase was accounted for on retained earnings.

The concomitant increase of grain prices and freight rates would lead to a nearly 4 per cent increase in consumer food prices globally