UNCTAD

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The United Nations Conference on Trade and Development (UNCTAD) is the UN committee that is responsible for discussing issues related to developing countries and their incorporation into a globalised, rapidly-changing world economy. The aim of the committee is to help people overcome poverty. This committee’s first conference took place in Geneva in 1994 and, due to its success and to the challenges that were brought to the table, the committee was institutionalized by resolution 1995 (XIX) of the General Assembly. 

The main goal of this committee is assist developing countries in the sphere of trade, investment, and development, in order to  overcome the difficulties that globalisation brings. It helps these countries to integrate on a more equal footing into the world economy, while working to ensure that everyone benefits from the global economy.  The committee takes action as and when the need arises, and helps developing countries to deal with the drawbacks they might face along the way. It also offers assistance so that countries can keep up with the latest technology.  UNCTAD has worked closely with the implementation of the UN's "Financing for Development" for countries in need, by working closely with institutions such as the World Bank, International Monetary Fund, World Trade Organisation, and the UN Development Programme.