ECOSOC

Debt crises hitting both rich and poor countries threaten UN development agenda, officials say

Debt distress, no longer just the province of poor countries, is a drag on development programmes as well as on the world economy, United Nations leaders said today as economic experts and representatives of international financial institutions met to discuss practical and equitable mechanisms for restructuring sovereign debt.

Stronger joint action of UN, international financial institutions urged at development forum

Poverty reduction, trade growth and job creation require greater coordination between the United Nations and the Bretton Woods institutions, the head of the Economic and Social Council (ECOSOC) today urged at the opening of a special high-level meeting on sustainable development and the post-2015 development agenda.