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. 

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.