Economic Development

Revealed: The cost of the pandemic on world's poorest countries

More than 32 million of the world’s poorest people face being pulled back into extreme poverty because of COVID-19, leading UN economists said on Thursday, highlighting data showing that the pandemic is likely to cause the worst economic crisis in decades among least developed countries (LDCs). 

COVID-19 could see over 200 million more pushed into extreme poverty, new UN development report finds

An additional 207 million people could be pushed into extreme poverty by 2030, due to the severe longterm impact of the coronavirus pandemic, bringing the total number to more than a billion, a new study from the UN Development Programme (UNDP) has found. 

COVID-19’s impact on wages is only just getting started, ILO warns

Global pressure on wages from COVID-19 will not stop with the arrival of a vaccine, the head of the International Labour Organization (ILO) warned on Wednesday, coinciding with a major report showing how the pandemic had slowed or reversed a trend of rising wages across the world, hitting women workers and the low-paid hardest.

INTERVIEW: Economic and Social Council ‘vital to promote global peace and global cooperation’

Munir Akram wears two hats. He is Pakistan’s Ambassador to the UN and was elected on 23 July as the 76th President of the Economic and Social Council (ECOSOC); one of the three main bodies that provide the backbone of the United Nations. 

FROM THE FIELD: Growing potatoes in the air: agricultural innovation in Rwanda

A Rwandan entrepreneur is pioneering the use of innovative farming technology that, he believes, is set to play a major role in feeding the growing population in his country, amid increasing pressure on arable land.

First Person: ‘people with disabilities are the greatest untapped resource on the planet’

Worldwide, persons with disabilities experience higher levels of unemployment and economic inactivity than non-disabled persons. Ahead of International Day of Persons with Disabilities, Mike Hess, US-based entrepreneur and founder of the Blind Institute of Technology, spoke to UN News as part of the International Labour Organization (ILO) photography project "Dignity at Work: The American Experience".

UN report finds Gaza suffered $16.7 billion loss from siege and occupation

Israel’s military operations and prolonged closure of Gaza, has caused economic damage of $16.7 billion between 2007 and 2018, driving the poverty rate up almost fourfold compared to what it might have otherwise been, the UN trade and development agency UNCTAD said in a report published on Wednesday.

‘Foundational and necessary change’ needed to heal post-COVID world

With the COVID-19 pandemic precipitating one of the world’s worst health, socioeconomic and humanitarian crises in over a century, the UN chief told a high-level discussion on Tuesday to seize the opportunity “to make real, foundational, and necessary change”. 

‘We see the sparks before they turn into fires’: training women to avoid conflict in Sierra Leone

In the West African country of Sierra Leone, the UN is supporting a government programme, training women and men to take on leadership roles in areas such as peacebuilding, with the aim of promoting peace and non-violence.

UN chief to press G20 for greater solidarity and support during pandemic

When he addresses leaders of the world’s richest countries at the G20 summit this weekend, UN Secretary-General António Guterres will deliver a simple message on the COVID-19 pandemic: “We need solidarity and cooperation. And we need concrete action now — especially for the most vulnerable.”