Economic Development

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.

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.

UN Ocean Conference ends with call for greater global commitment to address dire state of the ocean

Following a week of discussions and events in Lisbon, Portugal, the UN Ocean Conference concluded on Friday, with governments and heads of state agreeing on a new political declaration to Save Our Ocean.

Sustainable blue economy vital for small countries and coastal populations

With the livelihoods of about 40 per cent of the world’s population living at or near a coast, the second day of the UN Ocean Conference under way in Lisbon focused on strengthening sustainable ocean-based economies, managing coastal ecosystems.

First Person: The Barbadian entrepreneur turning sargassum into money

Sargassum seaweed has blighted many of the beaches on Barbados for several years. Joshua Forte, a local entrepreneur, is convinced that it can be turned into a valuable commodity, and turned into highly effective, organic compost.

Bangladesh: ILO calls for workplace safety review following deadly fire

A fire and explosion in southeastern Bangladesh over the weekend which left more than 40 dead, has prompted the UN’s labour agency, ILO, to urge workplaces throughout the country to address safety shortcomings.

Middle East and North Africa: addressing highest rates of youth unemployment in the world

More than 33 million new jobs need to be created by 2030 in the Middle East and North Africa region by 2030, if the world’s largest unemployment hot spot is to be substantially improved, four United Nations agencies said on Monday.

Ukraine war squeezes food supplies, drives up prices, threatens vulnerable nations

Kicking off a three-day meeting on Friday on the fallout from Russia’s invasion of Ukraine and its wider impact on food and energy prices, the head of the UN agriculture agency outlined key ways for governments to help safeguard global food security.