Economic development

Global Compact brings business leaders together ahead of Rio +20

Just ahead of the Rio+20 conference in June, business leaders will be meeting to discuss how they can add to the forum on sustainable development.

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Sub-Saharan Africa can only grow if it solves hunger crisis – UNDP

Sub-Saharan Africa cannot sustain its present economic resurgence unless it eliminates the hunger that affects nearly a quarter of its people, according to a

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Africa sustains growth despite global uncertainty

Despite the weaker global economic environment, sub-Saharan Africa is expected to continue growing strongly in 2012, according to the International Monetary Fund (

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Experts say tax on financial transactions would help fight poverty and inequality

A group of UN independent experts is calling for a global financial transaction tax that would be used to fight poverty.

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Foreign direct investment boosts growth

Foreign Direct investment to low income countries is booming globally. On average, it’s grown about 20% each year for the past decade. Some of the main investors are the so-called BRICS - Brazil, Russia, India and China.

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Representatives from Asia-Pacific participate in UN indigenous forum

Some 2,000 indigenous people from around the world are in New York for the annual meeting of the UN Permanent Forum on Indigenous Issues which opened this week.

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Asia-Pacific remains engine for global economic growth

Countries of the Asia and Pacific region continue to have the fastest growing economies in the world, according to a new report by the UN Economic and Social Commission for Asia and the Pacific.

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Job creation should be paramount for France’s new leader

France needs to focus on creating jobs as it deals with the ongoing European financial crisis, according to the International Labour Organization (ILO).

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African countries need to “cushion” their economies

African nations need to stimulate sectors within their countries that can diversify their economies, so that they are not dependent on commodities.

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Botswana presses ahead with economic development

Botswana is one of the only three countries that have graduated from the list of least developed countries, known as LDCs, since it was established in 1971.

The Southern African country was removed from the list in 1994,  Cape Verde graduated in 2007  followed by the Maldives in 2011.

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