Contributor(s): Heiner Flassbeck, Radhika Desai, Dr Robert Falkner | Heiner Flassbeck presents The Trade and Development Report 2009, subtitled "Responding to the Global Crisis and Climate Change Mitigation and Development." The worst economic downturn since the Great Depression is having a serious impact on developing countries, and at this point UNCTAD economists estimate that it will be virtually impossible for sub-Saharan African nations to achieve such United Nations Millennium Development Goals as halving extreme poverty and hunger by 2015. The report recommends increased development assistance and the granting of moratoria on debt for hard-hit developing countries to limit further damage and to prepare the way for eventual recovery.

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