Economic development

New UN report calls for major overhaul of global finance, aid and trade machinery

Overcoming the serious weaknesses exposed by the global economic crisis will not be easy and will require a major overhaul of the machinery for international finance, aid and trade, according to a new United Nations report released today.

Employment creation key to poverty reduction in Africa – UN report

High unemployment rates continue to hinder poverty reduction efforts in Africa, the United Nations says in a new report released today, stressing that African countries must give priority to diversifying their economies to create decent jobs to boost social development.