What is the role of the United Nations Conference on Trade and Development (UNCTAD) in promoting sustainable economic development?

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What is the role of the United Nations Conference on Trade and Development (UNCTAD) in promoting sustainable economic development?

The United Nations Conference on Trade and Development (UNCTAD) plays a crucial role in promoting sustainable economic development by providing a platform for developing countries to voice their concerns and interests in global trade and development issues. UNCTAD conducts research, analysis, and policy recommendations to address the challenges faced by developing countries in achieving sustainable development. It also assists in capacity-building and technical assistance to help these countries integrate into the global economy and benefit from international trade. Additionally, UNCTAD promotes investment policies that prioritize sustainable development objectives, including environmental protection, social inclusion, and economic growth. Overall, UNCTAD works towards creating a fair and inclusive global trading system that supports sustainable economic development for all nations.