In the first episode of UNCTAD’s Weekly Tradecast, the organization’s Secretary-General, Rebeca Grynspan, talks about the global cost-of-living crisis triggered by the war in Ukraine.

What can be done to support vulnerable countries and people who will suffer the most from rising food, energy and fertilizer prices?

More than four months since the start of the war, people globally are facing a cost-of-living crisis not seen in more than a generation – in a world already grappling with the COVID-19 pandemic and climate change.

The United Nations Global Crisis Response Group on Food, Energy and Finance warned in a recent report that an estimated 1.6 billion people in 94 countries are exposed to at least one dimension of the crisis, which threatens to unleash an unprecedented wave of global hunger and destitution.