UN Trade Agency Faces Major Budget Cuts Amid Growing Global Economic Strain
- arabic9
- Jun 18
- 1 min read
The United Nations Conference on Trade and Development (UNCTAD) has announced it will cut 70 of its 500 staff members in a sweeping effort to manage severe budget limitations in 2026. This move comes at a time when global trade is becoming increasingly complex due to rising tariffs, geopolitical friction, and economic uncertainty.
Experts are warning that such cuts could weaken the global response to trade inequality, supply chain disruptions, and development challenges in emerging economies. UNCTAD has long been a cornerstone in offering critical research and guidance to help balance global trade flows.
The announcement has sparked concern across international financial and policy institutions. With global trade already forecasted to slow, the absence of robust economic insight may leave vulnerable regions with fewer tools to adapt to global shifts.
As the world enters a more uncertain economic era, the need for well-educated professionals in international trade, development, and economic diplomacy has never been more urgent.
At SIU, with locations in Zurich, Dubai, Bishkek, Luzern, Riga, and London, we prepare students to understand and respond to global economic trends like these—because shaping the future requires knowing what drives it.
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