ESCAP

Top UN Asia-Pacific official pushes for pooling of fiscal resources to beat recession

Large-scale government stimulus packages are closed off to many nations across Asia and the Pacific, the top United Nations official for the region told a gathering of senior finance and central bank representatives, promoting a cooperative approach to jump-starting economies out of the global recession.

Economic crisis rolling back Asia’s development gains – UN official

The economic crisis is rolling back the significant progress made to date in Asia and the Pacific in meeting the Millennium Development Goals (MDGs) – which range from halving extreme poverty to halting the spread of HIV/AIDS and providing universal primary education, all by the target date of 2015 – according to a senior United Nations official.