Core Points - The 16th United Nations Conference on Trade and Development (UNCTAD) was held in Geneva, with participation from 170 member countries, marking a historical record for UN trade meetings [1] - The conference focused on reforming the global system to achieve fairer, more predictable, and inclusive development, culminating in the adoption of the Geneva Consensus document [1][2] - The conference addressed various global challenges, including economic stagnation, inequality, and the need for a more inclusive global economy [1][2] Trade and Investment - Countries reaffirmed the importance of a rules-based, open, transparent, and fair multilateral trading system, recognizing quality service trade as a new frontier for development [3] - Discussions included the decline and uneven distribution of global investment flows, with a focus on investment facilitation measures and policies to lower capital costs [3] - Qatar confirmed it will host the 9th World Investment Forum in 2026, aiming to expand solutions and partnerships for sustainable investment [5] Digital Economy and Debt - The conference highlighted the opportunities and gaps created by technological advancements in the digital economy, with calls for support to developing countries in skills, infrastructure, and frameworks [3] - Member states agreed to establish a borrower forum to enhance collective capacity and share experiences in global debt discussions [3] Support for Vulnerable Economies - Member countries committed to increasing support for the least developed countries and providing targeted assistance to small island developing states facing climate disasters and rising transport costs [3] - Continued efforts in trade facilitation and transit corridor development for landlocked developing countries were also pledged [3] UNCTAD's Role - The conference reinforced UNCTAD's role in promoting international cooperation and sustainable development, with a renewed mission and clear roadmap for the coming years [4] - The conference included over 40 high-level meetings and discussions on various topics, emphasizing the need for collaboration to drive development [2][4]