Developing economies could secure up to $148 billion in savings if the international community restructures their existing debt and expands access to future affordable finance, the UN Development Programme (UNDP) said in a policy brief published on Wednesday.
Fifty-four countries that are home to more than half of the poorest people on the planet need urgent debt relief now, the UN Development Programme (UNDP) said in a paper published on Tuesday that calls for rich countries to step up.
The UN Secretary-General on Friday welcomed steps announced by the International Monetary and Finance Committee (IMFC) and the World Bank Group Development Committee, to address debt crises and other financial distress to economies arising from the COVID-19 pandemic, “as a sign of hope and renewed multilateralism.”
“The spirit of South-South cooperation and global solidarity”, is alive and well across the hemisphere as the word grapples with the COVID-19 pandemic, said the UN chief in a message relayed to countries of the Global South on Thursday.
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Developing countries crippled by debt need urgent relief
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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.
Developing nations need assistance to build “green” economies or they will continue to have to rely on fossil fuels and non-renewable resources.
That’s the warning from Amina Mohammed, Nigeria’s Environment Minister and a former Special Advisor to UN Secretary-General Ban Ki-Moon.
Ms Mohammed helped author the Sustainable Development Goals (SDGs) and attended this month’s signing of the Paris Agreement on climate action at UN Headquarters in New York.
The migration of women who take up work in other countries can be empowering, according to a senior UN expert on population issues.
A report released by the UN shows that the number of migrants worldwide was 244 million in 2015, an increase of around 22 million over five years.
Half of those people are women or girls.
Women impacted "disproportionately" by climate change
World hunger won’t end unless “ambitious action” is taken to address the causes and effects of climate change.
That’s according to a senior expert at the World Food Programme (WFP).
The United Nations says there are 795 million hungry people in the world, 98 per cent of whom are in developing countries.