War overshadows calls for more IMF and World Bank funding for Africa
The heads of some of the biggest multilateral development banks said the world faces a global “polycrisis” affecting development at an unprecedented scale.
In 2015, the U.N.'s 193 member nations adopted the 17 Sustainable Development Goals to achieve universal peace and prosperity by 2030. Despite progress on some fronts, including sustainable consumption and ocean conservation, the U.N. says 85% of the agenda is off-track due to the COVID-19 pandemic, climate change, biodiversity loss, pollution, and Russia's war on Ukraine.
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The heads of some of the biggest multilateral development banks said the world faces a global “polycrisis” affecting development at an unprecedented scale.
The idea is to speed up the adoption of a global economic model that more closely aligns with the U.N.'s 17 Global Goals.
A new report says the world's marketplace appears to be growing at a modest rate that's defined as a global recession.
Just 15% of the SDGs – which include 169 specific targets and 17 broad goals that the world agreed to in 2015 – is on track.
The Bank for International Settlements' general manager said the key policy challenge remains fully taming inflation.
As interest rates soar and the economy slows, the World Bank sees an 'enduring setback' for developing economies due to high interest rates, war in Europe and the pandemic.
The summit ended with support for creating a "zero draft" treaty ahead of the next negotiations at Nairobi in November.
As the only G-7 member to have joined Beijing's sprawling global pact, Italy had indicated it would leave. But now Prime Minister Giorgia Meloni says the decision is still up in the air.
A new study finds economic sanctions in target countries contribute to increases in mortality, poverty, and inequality, and to declines in per-capita income and human rights.
The estimated annual social and environmental costs of plastic pollution range from US$300 billion to $US1.5 trillion.
Methoxychlor, a pesticide, and two industrial chemicals, Dechlorane Plus and UV-328, are to be eliminated.
Virtually all the world's nations are negotiating proposals under the legally binding Basel, Rotterdam and Stockholm Conventions to limit toxic chemicals, pollutants and wastes.
UNCTAD said it expects global growth in 2023 to drop to 2.1% but only if the financial fallout from higher interest rates is contained to the bank runs and bailouts of the first quarter.
Bilan is marking its first anniversary with a look back at what U.N. Development Program calls "a year of smashing taboos and shining a light on stories other media have long ignored."
The World Trade Organization expects trade growth to slow to 1.7% this year because of Russia's war in Ukraine, high inflation, tight monetary policy and market uncertainty.
As the continent faces a raft of complications, the African Union's ambitious goal of tackling structural root causes and drivers of conflict for sustainable development is in doubt.