Category: Economic Development

New UN initiative to support financial systems that ‘work better for everyone, everywhere’

From developed to developing countries, no nation is immune from financial “gaps and vulnerabilities”, the President of the UN General Assembly said on Monday. Speaking at the High-level Panel on International Financial Accountability, Transparency and Integrity (FACTI) for Achieving the 2030 Agenda, Tijjani Muhammad-Bande warned that gaps, or the illegal siphoning off of government revenues, “have real consequences in all countries”. The […]

Rising inequality affecting more than two-thirds of the globe, but it’s not inevitable: new UN report

World Bank/Sarah Farhat Students attend class at Zanaki primary school in Dar es Salaam, Tanzania. Inequality is growing for more than 70 per cent of the global population, exacerbating the risks of divisions and hampering economic and social development. But the rise is far from inevitable and can be tackled at a national and international […]

Nearly half a billion people can’t find decent work; unemployment set to rise: new UN labour report

ILO/Marcel Crozet A construction worker builds a cylindrical metal structure in Yangon, Myanmar. Around half a billion people work fewer paid hours than they would like, or are not getting enough access to paid work, shows a study published by the International Labour Organization (ILO) on Monday, which also forecasts that unemployment will rise by […]

UN committed to helping Haiti build better future, says Guterres, marking 10-year anniversary of devastating earthquake

UN Photo/Sophia Paris Rescuers search through a United Nations building destroyed by the earthquake which struck Haiti on 12 January, 2010. On 12 January 2010, a 7.0 magnitude quake struck Haiti, devastating its capital, Port-au-Prince. About 220,000 people were reportedly killed, among them, 102 UN staff who lost their lives when the building housing the stabilization mission there, known as MINUSTAH, […]