Economic Development

Closing gender pay gaps is more important than ever 

On average, women globally are paid about 20 per cent less than men, the International Labour (ILO) Organization said on Sunday, International Equal Pay Day.

Young workers have been hit hardest by COVID fallout, says UN labour agency

The number of young people globally who can’t find a job this year is set to reach 73 million – that’s a full six million more than before COVID-19 – the UN labour agency said on Thursday.

UN trade body calls for halting cryptocurrency rise in developing countries

The UN trade and development body, UNCTAD, has called for action to curb cryptocurrencies in developing nations, in three policy briefs published on Wednesday. 

First Person: The honey business owner creating a buzz in northern Uganda

Sam Aderubo started his company, Honey Pride, in Arua, northern Uganda, in order to make a positive impact on his community. With support from the UN, the business is taking off, providing work for hundreds of local beekeepers, many of whom are marginalized women and youth.

INTERVIEW: Accessible finance is key to realizing Uganda’s potential

Northern Uganda suffers from a development gap with the rest of the country, with high rates of poverty and unemployment. UN News spoke to Dmitry Pozhidaev, head of the UN Capital Development Fund (UNCDF) office in Uganda, to find out what the agency is doing to improve funding access to individuals and businesses, and put them on the right path to success.

UN summit galvanizes action for development agendas in Africa

The development of Africa was spotlighted at a key UN meeting on Wednesday, with attention focused on advancing the 2030 Agenda for Sustainable Development and the African Union (AU) Agenda 2063.  
 

Cost of living crisis hits poorest the hardest, warns UNCTAD

Billions of people are facing the greatest cost of living crisis in a generation due to rising food and energy prices amid rapid inflation and increasing debt, leaving the most vulnerable consumers in a dire situation, said the UN trade and development body, UNCTAD on Tuesday.

Guterres hails ‘critical step forward’ on resuming Ukraine grain exports

The UN chief on Wednesday described progress between Russia and Ukraine on allowing the resumption of grain exports during UN-brokered talks in Türkiye, as a “ray of hope to ease human suffering and alleviate hunger around the world.”

UN report: Value of nature must not be overridden by pursuit of short-term profit

The values that we ascribe to nature are vital parts of our cultures, identities, economies, and ways of life, all of which should be reflected in policy decisions surrounding our natural world, according to a new UN-backed report released on Monday.

Sri Lanka's misery should be warning to us all on global food, fuel and finance crisis: UNDP

Countries already under pressure from the economic fall-out of the COVID-19 pandemic, risk seeing the same economic turmoil and human misery as Sri Lanka, with the war in Ukraine dragging on, unless the international community agrees to radical financial measures to help countries saddled with debt, the UN said on Thursday.