Economic Development

UN chief stresses 'mutually supportive' nature of Africa's free trade and industrialization

Africa's industrial development and proposed continental free trade would complement each other, United Nations Secretary-General António Guterres said Monday, marking the UN-proclaimed day for Africa's industrialization.

Global food import bill rising despite robust output in 2017 – UN

The cost of importing food is rising in 2017, driven by increased international demand for most food stuffs, as well as higher freight charges, the United Nations agriculture agency said Thursday.

Closing UN’s ‘Africa Week,’ Assembly President says continent’s vision getting close to reality

Addressing the final event of this year’s Africa Week at the United Nations, General Assembly President Miroslav Lajcak on Friday highlighted the continent’s transformative changes driven by the African Union’s development agency.

Kicking off ‘Africa Week’ at UN, Guterres says women and youth can unleash continent’s potential

Africa must focus on young people, empower women and girls, and be innovative in leveraging resources and financing for development, Secretary-General António Guterres said Monday as the United Nations kicked off Africa Week.

Vegetable oils lift food prices in September; cereal prices down on bumper crop prospects

Global food prices rose slightly in September, as firmer prices of vegetable oils and dairy products offset declining prices for staple cereal grains, the United Nations Food and Agriculture Organization (FAO) said today.

Partnerships will play key role in future of work in Europe and Central Asia - UN labour agency

The United Nations International Labour Organization’s 10th European Regional Meeting concluded today with a call for a future of work where partnerships play a key role in promoting dialogue, social progress and economic growth in the region.

'Winner-takes-all' dynamics in digital economy could widen income gap – UN report

The benefits of digitalization to people's lives are enormous, but 'winner-takes-all' dynamics in the digital economy creates a risk of widening income inequalities, says a report released today by a United Nations entity dealing with trade, investment and development.

Industrialization can drive growth, sustainable development in Africa, stress UN officials

While much of Africa has achieved impressive economic growth, United Nations officials today encouraged countries on the continent to take further action to advance inclusive and sustainable industrial development.

Put people before profits, UN urges in annual trade report

Noting that the world economy in 2017 “is picking up but not taking off,” a new United Nations trade and development report has cautioned against fiscal austerity and harnessing finance to support job creation and infrastructure investment.

South-South cooperation key to overcoming inequalities, says UN deputy chief

Underscoring the importance of South-South cooperation, United Nations Deputy Secretary-General Amina Mohammed today urged sustained commitment to mutually beneficial approaches that will ensure shared prosperity and make sustainable development a reality.