UNCTAD's ministerial conference highlights young people’s power to drive transformation, and how they can play a bigger role in shaping a more sustainable and inclusive future.

Young people from across the globe gathered at the 5th Youth Forum, held on 23 October during the 16th United Nations Conference on Trade and Development (UNCTAD16), to spotlight how youth innovation can accelerate economic transformation, create jobs and foster more inclusive societies.

At a time of digital disruption, climate crisis and geopolitical shifts, participants called for stronger support to enable young people to lead solutions, especially in developing countries where youth make up the majority of the population.

“Youth is the most dynamic force in our societies. Your creativity, energy and commitment to justice and sustainability are exactly what the world needs,” said UNCTAD Deputy Secretary-General Pedro Manuel Moreno.

Youth at the heart of digital and green transitions

Young innovators are using digital tools, artificial intelligence and climate-smart technologies to launch businesses, create jobs and tackle systemic challenges — from logistics to agriculture to creative industries. But many face barriers such as limited financing, skills gaps and unequal access to technology.

“We are living through a period of profound change,” Mr Moreno said, “The twin forces of green and digital change are redefining how we live, work and connect. These shifts bring challenges but also extraordinary opportunities — and you are at the heart of it all.”

Panel discussions explored how education, industry and finance can work together to unlock youth-led innovation. Speakers emphasized the need for inclusive digital ecosystems, youth-focused finance instruments and skills development to enable young entrepreneurs to thrive.

Trade, innovation and opportunity

Trade has historically been a driver of development, but young people often lack the support to benefit fully. Youth are 1.6 times more likely than adults to aspire to start a business, yet many lack access to the capital and networks required to scale their ideas.

Mathew Wilson, Ambassador of Barbados to the UN Office at Geneva, stressed that the number one constraint for young entrepreneurs and founders is access to credit. He added that lack of knowledge and confidence can also hold back young entrepreneurs. However, organizations like UNCTAD, the International Trade Centre and the World Trade Organization have the tools to address knowledge gaps and mentorship.

A global generation with a global voice

With 1.5 billion young people worldwide, youth are a major force in shaping economic transformation. The Youth Forum showcased youth action hubs and initiatives that “think global, act local,” addressing issues from climate action to sustainable trade.

“You are not passive observers of change,” Mr Moreno told participants. “Those who combine creativity with digital and entrepreneurial know-how will not just adapt to the future but define it.”

The outcomes of the forum will contribute to the UNCTAD16 outcome document, reinforcing youth as key actors in building fairer, greener and more resilient economies.