UNCTAD’s 15th quadrennial conference (), held from 3 to 7 October, adopted the Bridgetown Covenant to promote inclusive and resilient economic recovery in developing countries as they grapple with unequal access to COVID-19 vaccines, a debt crisis, the climate emergency and other unprecedented challenges.
“I see four challenges, which — if not addressed — make any notion of prosperity for all a distant dream. Debt distress. Systems starved for investment. Unfair trade. And a climate emergency that leaves small island developing states like Barbados perilously vulnerable.”
Secretary-General of the United Nations
“UNCTAD was formed to give voice and protection to developing nations. If ever there was a time for that voice to be heard on issues of trade and development, it is now.”
Mia Amor Mottley
Prime Minister of Barbados
The Bridgetown Covenant adopted by UNCTAD’s 195 member States outlines a roadmap for transforming economies through economic diversification; addressing unsustainable debt burdens in developing countries; making economies more sustainable and resilient; improving how development is financed; and reimaging how multilateralism will function in the future.
Member States also adopted UNCTAD15’s political declaration, known as the Spirit of Speightstown.
“The two outcome documents – the Bridgetown Covenant and the Spirit of Speightstown – are a testament to not only what was agreed at this historic conference but also, most importantly, to the reasons and values that moved us to do so.”
Secretary-General of UNCTAD
Together with Barbados, as the host country, and with the resolute commitment of the entire UNCTAD membership, we can achieve a sustainable path forward under the Conference theme “From inequality and vulnerability to prosperity for all”.
Communications concerning representation:
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