Economic Development

Syrian displacement poses ‘serious threat’ to Lebanon’s development goals, President tells UN Assembly

While the “heated” wars in the Middle East over the last decade have recessed, the President of Lebanon told the United Nations General Assembly’s annual general debate on Wednesday that Syria’s displacement crisis has had repercussions on his country’s “security, political, social, economic and environmental spheres”.

Time to step up: UN summit to push for development finance breakthrough

A sustainable global economy – one that preserves the planet and improves lives everywhere – is also a huge opportunity to create new jobs and market opportunities worth trillions of dollars, says the UN. But to make it happen, the international community needs to rapidly scale up investment.

Banks worth $47 trillion adopt new UN-backed climate, sustainability principles

Banks collectively with more than $47 trillion in assets, or a third of the global industry, signed up on Sunday to new United Nations-backed responsible banking principles in a massive boost for climate action and the shift from “brown to green” models of economic growth.

Despite progress in childbirth safety, one woman or baby dies every 11 seconds

Childbirth survival rates are now a “staggering success” compared with the year 2000, but one pregnant woman - or her child - still dies every 11 seconds from largely preventable causes, UN health experts said on Thursday.

Climate crisis could see ‘collapse’ of some economies without diversification, warns UN trade chief

Climate change poses an “existential threat to commodity-dependent developing countries”, the United Nation’s trade chief said on Wednesday, pointing to a newly released report highlighting the need to diversify economies and exports.

Northern Bahamas ravaged by 'disaster of epic proportions' as UN releases US$1 million in emergency funds

Following the “terrible devastation” of parts of the northern Bahamas in the Caribbean caused by Hurricane Dorian,  Secretary-General António Guterres has said he “remains deeply concerned” for those thousands impacted by the giant storm. The UN's relief chief, Mark Lowcock, travelled to the island nation on Wednesday, to meet Government leaders and help expedite a life-saving aid operation.  

‘Digital divide’ will worsen inequalities, without better global cooperation

Inequality will worsen unless the so-called “digital divide” – the gap between under-connected and highly digitalized countries – is not addressed, warns a new report released on Wednesday by the UN trade body, UNCTAD.