Economy
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UN Secretary-General António Guterres on Monday called for increased action to deliver $500 billion a year in affordable, long-term financing to developing countries at the eighth World Investment Forum held in Abu Dhabi. more
UN chief proposes $3.3 billion budget for 2024

UN Secretary-General António Guterres on Tuesday introduced a $3.3 billion programme budget for the Organization in 2024, amidst an array of global challenges ranging from conflict ...

Annual cost for reaching the SDGs? More than $5 trillion

The cost of achieving ambitious sustainable development targets is estimated at between $5.4 and $6.4 trillion per year between now and 2030, UN economists said on Tuesday.

Financial system must evolve in ‘giant leap towards global justice’: Guterres

Developing countries are buckling under high debt and exorbitant borrowing costs, that prevent them from reviving their economies, UN chief António Guterres said on Thursday.

COVID crisis to push global unemployment over 200 million mark in 2022

New York: The economic crisis caused by the COVID pandemic is expected to contribute to global unemployment of more than 200 million people next year, with women and youth workers worst-h ...

Guterres urges ‘decisive action’ to stave off debt crisis in developing world

New York: Though significant steps have been taken to prevent debt crises across the world sparked by the COVID-19 crisis, they have not been sufficient to restore economic stability in m ...

Pandemic threatens lost decade for development, UN report reveals

New York: The COVID-19 pandemic has reversed development gains for millions in poor countries, creating an even more sharply unequal world, according to a new UN report released on Thursd ...

Commitment to post-pandemic ‘green’ recovery falling short, UN-backed study finds

New York: Countries have fallen short in their commitments to build back better after the COVID-19 pandemic, with just 18 per cent of announced recovery spending going towards ‘gree ...

New wave of famine could sweep the globe, overwhelming nations already weakened by years of conflict, warn UN officials

New York: The global hunger crisis caused by conflict – and now compounded by COVID-19 – is moving into a dangerous phase, the head of the UN World Food Programme (WFP) said o ...

Business sector still far from reaching sustainability goals, UN report shows, 20 years on from landmark summit

New York: A new UN report on the private sector, released by UN Global Compact, shows that progress on bringing about a sustainable future for people and the planet is patchy, and the maj ...