Commodity-dependent countries need to diversify their economies

Without a renewed commitment to policy change, commodity-dependent developing countries (CDDCs), are by 2030 set to lag behind countries with more diverse economies in their social and economic achievements, UNCTAD and the Food and Agriculture Organization of the United Nations (FAO) said in the Commodities and Development Report 2017. The report stresses the need to pursue structural transformation to improve their social and economic prospects, reduce poverty, realize food security and achieve the SDGs at large.