Economic Development

‘Inequality virus’ threatens ‘catastrophe for all’ unless crisis can be overcome together

The COVID-19 pandemic is leading to “an even more unequal world”, the Deputy UN chief said on Thursday, speaking at the closing session of the Financing for Development (FfD) Forum, with many lower-income countries now seeing development gains reversed.  

New UN-backed framework to boost agricultural trade between African nations

The UN Food and Agriculture Organization (FAO), together with the African Union (AU) Commission, launched a new continent-wide framework on Thursday, to boost trade and improve food security. 

Guterres calls for ‘paradigm shift’ to recover from COVID setbacks

A “paradigm shift” aligning the private sector with the global goals is needed to address the challenges of the future, including those triggered by COVID-19, the UN chief said on Monday, addressing the Financing for Development (FfD) Forum. 

Somalia: ‘Prioritize the national interest’ international partners urge, as political stalemate continues

The UN and international partners working to support a lasting peace and democratic election process across Somalia, said on Sunday that they were highly concerned by the current situation there, calling on Somali leaders to “prioritize the national interest” and resolve their political impasse.

Without access to vaccines, COVID will continue widening inequality everywhere 

The COVID-19 pandemic has caused unprecedented public health, economic and social crises, threatening the lives and livelihoods of millions and exacerbating inequalities throughout the world, the World Bank said at the COVID-19: Vaccines for Developing Countries event on Friday. 

Many countries spending more on debt than education, health and social protection combined

Around one in eight nations spends more on debt than on social services, according to a new report from the UN Children’s Fund (UNICEF) launched on Thursday, calling for debt service relief and restructuring to enable countries to bounce back from the pandemic.

Guterres urges ‘decisive action’ to stave off debt crisis in developing world

Though significant steps have been taken to prevent debt crises across the world sparked by the COVID-19 crisis, they have not been sufficient to restore economic stability in many developing countries, according to a policy brief issued by the UN Secretary-General on Monday. 

Pandemic threatens lost decade for development, UN report reveals

The COVID-19 pandemic has reversed development gains for millions in poor countries, creating an even more sharply unequal world, according to a new UN report released on Thursday.  

Inventions boom in ‘assistive tech’ offers wider benefits for all

Rapid growth in innovations that are designed to help people overcome their disabilities could soon offer a fix to all manner of mobility, sight and other difficulties, UN patent experts WIPO said on Tuesday.

Exploited and marginalized, Bangladeshi tea workers speak up for their rights

Tea garden workers in Bangladesh, who are mainly women, are one of the most marginalized groups in the country, with limited access to education for their children and prone to dire health risks. A programme supported by the UN’s Joint SDG Fund, which funds initiatives focused on sustainable development, aims to boost social protection for these works, helping them access their rights and improve their life prospects.