UN trade agency says it faces 'painful' cuts as countries navigate tariffs


  • World
  • Wednesday, 18 Jun 2025

FILE PHOTO: The logo of the United Nations is seen in the General Assembly hall before heads of state begin to address the 76th Session of the U.N. General Assembly in New York City, U.S., September 21, 2021. REUTERS/Eduardo Munoz/Pool/File photo

GENEVA (Reuters) -The United Nations trade and development agency, tasked with helping developing countries access the global economy, faces "painful" cuts as part of broader reforms prompted by a decline in global donor funding, its secretary general said.

Rebeca Grynspan told Reuters she was concerned that UNCTAD's work will be hampered while demand for its services grows, as countries seek information on the impact of sweeping tariffs imposed by U.S. President Donald Trump.

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