Economic Development

Global trade amid COVID-19: Signs of rebound, but recovery uncertain

Global trade is showing signs of bouncing back from a deep, COVID-19-induced slump, the World Trade Organization (WTO) has said, with the caveat that any recovery could be badly disrupted by the future course of the pandemic and how societies react. 

Report outlines long road to post-COVID recovery for Latin America and Caribbean

Economic recovery from the COVID-19 pandemic in Latin America and the Caribbean will be slower than the return to productivity following the subprime mortgage crisis more than a decade ago, the head of the UN’s office for the region, ECLAC, said on Tuesday. 

UN Special Adviser helps align UN and Africa on sustainable development path

Helping to reshape the UN's approach to better serve the continent and merge the UN-led Sustainable Development Goals with Africa's own 2063 Agenda, are top priorities for the newly minted UN Special Adviser on Africa.

Violent protests sparked by murder, bring Haiti to brink of instability, Security Council warned

Violent protests sparked by the murder of a high-profile legal scholar are threatening to push Haiti into a spiral of instability, Special Representative Helen La Lime told the Security Council on Monday, as she outlined UN efforts to help overcome the impasse engulfing the country.

Protect the world from sliding into global recession, urges UN chief

The economic and social consequences of the COVID-19 pandemic “are as bad as we feared”, the UN Secretary-General said, as he warned that the international community must act now if it is stave off a global recession, which could wipe out decades of development gains. 

Illicit capital robbing Africa and its people of their future: UN trade and development chief

Every year, an estimated $88.6 billion, which is equivalent to 3.7% of Africa’s GDP, leaves the continent in the form of illicit capital, according to UN trade and development agency UNCTAD’s Economic Development in Africa Report 2020, launched on Monday.

UN and partners press for seafarers to be designated ‘key workers’ during COVID pandemic

The UN Secretary-General has again appealed for governments to act on behalf of hundreds of thousands of seafarers and other maritime workers stuck at sea for endless months, in some cases more than a year, due to the COVID-19 pandemic. 

Guterres advocates for digital world that ‘strengthens human rights, advances peace’

Amidst a technological era that “beckons with vast opportunity”, new risks exist to global peace, stability and development, the UN chief told a side event of the General Assembly on Wednesday, aiming to help ensure access to digital technologies for all.

Put ‘people before politics’ in Lebanon, urges Guterres, following Beirut disaster

It’s time that leaders across Lebanon put “people before politics” following last month’s explosions in Beirut port, said the UN chief on Wednesday, which must serve as a wake-up call following a year of upheaval and clamour for reform on all fronts.

Impact on workers of COVID-19 is ‘catastrophic’: ILO 

COVID-19 has had a “catastrophic” impact on workers, the head of the International Labour Organization (ILO) said on Wednesday, with lost working hours higher than originally forecast, and equivalent to 495 million full-time jobs globally in the second quarter of the year.