Economic Development

Ukraine war fueling global economic downturn as growth projections slide

The Russian invasion of Ukraine has been the “main contributing factor” to the potentially devastating one per cent drop in projected global economic growth this year, UN development economists UNCTAD said on Thursday, in the body’s latest global economic update.

Seeds of change in Kenya as farmers lead way on tobacco-free farms

In Kenya, a trailblazing sustainable agriculture project has helped hundreds of farmers move away from the harmful practice of growing tobacco, in favour of a healthier alternative, the UN said on Wednesday.

UN prioritizing least developed countries in plans, investments and actions

The vulnerabilities of Least Developed Countries (LDCs) may be different today than they were 50 years ago – when the UN created the category – but left unaddressed, the results are the same, the UN chief told a dedicated meeting on Thursday.

First Person: ‘I speak up for those who cannot’

Maya Aktar, a garment worker from Bangladesh, represents other migrants employed in the sector, in Jordan. She explains how she became involved in the union movement, and the positive difference this has made to the lives of her members.

Crash in family incomes during COVID will increase inequality for generations

At least two-thirds of households with children have lost income since the COVID-19 pandemic hit two years ago, according to a joint report published on Wednesday by the UN children’s agency (UNICEF) and World Bank.

Rising incomes more harmful to environment than population growth

Higher incomes contribute more to environmental degradation than population growth, a report by the UN Department of Economic and Social Affairs (DESA) has revealed. 

Development finance institutions must include in investments, ‘right to remedy’

The UN High Commissioner for Human Rights launched on Wednesday a ground-breaking new report for development finance institutions to ensure that the projects they support do not harm people, and make effective remedy is readily available.

Training offers a way out of poverty for young victims of Colombian conflict

Camilo Vergara is one of hundreds of young Colombians benefiting from a UN programme aimed at pulling victims of the country’s former conflict out of poverty, and into stable employment.

Global trade expected to slow, after record high of $28.5 trillion in 2021

Global trade reached a record high in 2021, but it is expected to slow this year for many reasons including continuing delays in global supply chains, UN economists said on Thursday.

Haiti at ‘crossroads’ entering post-earthquake reconstruction

Haiti is once more at a ‘crossroads’, six months after a devastating earthquake hit the south-west of the country, according to the UN Deputy Secretary-General, Amina Mohammed.