The Netherlands has today signed an agreement to contribute $1.9 million to UNCTAD to continue supporting the work of the UN Global Crisis Response Group (GCRG) on Food, Energy and Finance, which UN Secretary-General António Guterres established in March 2022 to coordinate the global response to the widespread impacts of the war in Ukraine.
The GCRG's work is critical to tackling the global cost-of-living crisis by helping decision makers mobilize solutions and develop strategies to support countries in addressing the interlinked food, energy and finance crises.
Ambassador Paul Bekkers of the Netherlands and UNCTAD Secretary-General Rebeca Grynspan signed an agreement for the contribution on 10 November in Geneva.
"We sincerely thank and recognize the commitment of the Netherlands in making this generous contribution," Ms. Grynspan said. "The funds will provide invaluable support to the GCRG's coordination, management, monitoring and high-level political mobilization work," she added.
Permanent Representative of the Kingdom of the Netherlands to the United Nations in Geneva, Ambassador Bekkers said: "The Netherlands is very pleased to contribute to the GCRG's work to help ensure critical support to global food security. Echoing the UN Secretary General, the GCRG is a great diplomatic success and beacon of hope."
UNCTAD Secretary-General Grynspan coordinates the Task Team of the Global Crisis Response group, which has published three key briefs with analysis and policy recommendations to help cushion developing countries from the impact of the global cost-of-living crisis, which is affecting millions across the world.
Brief No. 3: Global impact of war in Ukraine - Energy crisis
Brief No. 1: Global impact of war in Ukraine on food, energy and finance systems
More on the Global Crisis Response Group.
-------------------------
About UNCTAD
UNCTAD is the UN's leading institution dealing with trade and development. It is a permanent intergovernmental body established by the United Nations General Assembly in 1964.
UNCTAD is part of the UN Secretariat and has a membership of 195 countries, one of the largest in the UN system. UNCTAD supports developing countries to access the benefits of a globalized economy more fairly and effectively.
We provide economic and trade analysis, facilitate consensus-building and offer technical assistance to help developing countries use trade, investment, finance and technology for inclusive and sustainable development.
-------------------------
