Rebeca Grynspan of Costa Rica will be the new Secretary-General of Unctad, the trade and development body of the United Nations.  Her nomination to the post by UN Secretary-General António Guterres was approved by the UN General Assembly on Sunday. Grynspan, the first woman and Central American to be appointed as Secretary-General of Unctad, is an economist and current Ibero-American Secretary-General. “I’m grateful and honoured for the trust the UN Secretary-General António Guterres has placed in me with this appointment as Secretary-General of Unctad,” Grynspan said.  READ: Investment decline in productive assets spells trouble for poorer nations: UNCTAD “I look forward to bringing my experience and commitment to development to this unique organization, whose history, mandate and recognized world-class expertise make it a key partner for all countries facing the challenges of post-pandemic recovery.” She added: “I believe that, at this critical time, Unctad can make an essential contribution to a more just, sustainable and inclusive recovery for all.” Grynspan has had a career spanning many years and has held several high-level positions, including, among others, former Under-Secretary-General of the United Nations and Associate Administrator of the United Nations Development Programme (UNDP). She has also served as the UNDP Regional Director for Latin America and the Caribbean, a member of the High-level Panel on Financing for Development, and Vice President of Costa Rica (1994 to 1998). Unctad Acting Secretary-General Isabelle Durant welcomed the appointment and said: “This is great news for Unctad. The timely coming on board of Ms. Grynspan as our Secretary-General will be key to leading us in the implementation of a new chapter and mandate that will be decided by our 15th ministerial conference, UNCTAD15, in October this year.” READ: FDI down 42pc globally in 2020; UNCTAD expects further weakness in 2021