News by topic: Economic Development


Ban welcomes UN Assembly’s endorsement of action plan on post-2015 development financing

27 July – The United Nations General Assembly today endorsed the new global action agenda for financing sustainable development adopted two weeks ago by a major UN conference, and Secretary-General Ban Ki-moon welcomed the move as a major step that firmly puts the world “on the path to a more prosperous, just and sustainable world for this and future generations.”


Incoming President says main UN economic and social body must evolve and adapt

24 July – Opening the first meeting of its 2016 session today, the United Nations Economic and Social Council (ECOSOSC) elected Oh Joon, of Republic of Korea as its new President, who spotlighted the vital work – for the Council and the wider Organization – as the international community transitions from the landmark Millennium Development Goals to the post-2015 development agenda.


ADDIS: UN officials hail outcome of conference on development financing as first milestone of 2015

16 July – Secretary-General Ban Ki-moon and senior United Nations officials today hailed the outcome of the financing for development conference in Addis Ababa as the first milestone in a critical year in which major decisions are also expected on the future sustainable development agenda and on climate change.


ADDIS: International Monetary Fund boosts efforts to help countries finance development

16 July – As countries meet in Addis Ababa to consider ways to ensure adequate financing for sustainable development, the International Monetary Fund (IMF) is taking measures to boost access to its resources, help countries better mobilize domestic revenue and focus more of its own work on issues such as equity, inclusion and the environment.


ADDIS: Islamic finance should be utilized to fund sustainable development, UN conference told

15 July – Islamic finance offers a promising alternative to traditional sources of funding and should be utilized to realize the Sustainable Development Goals (SDGs) that countries will adopt in September, participants at the Third International Conference on Financing Development were told.


ADDIS: first UN World Youth Skills Day celebrates importance of empowering young people

15 July – On the first-ever commemoration of World Youth Skills Day, United Nations officials today declared that investing in developing the skills of young people can help build a more just and sustainable future for all and is one of the most important decisions any country can make.


ADDIS: 'historic' agreement reached on financing for new UN sustainable development agenda

15 July – Countries agreed today on a series of bold measures to overhaul global finance practices and generate investments for tackling a range of economic, social and environmental challenges at the United Nations Third International Conference on Financing for Development, being held in Addis Ababa, Ethiopia.


ADDIS: successful outcome at UN financing conference vital for future development agenda – Ban

15 July – Secretary-General Ban Ki-moon today stressed that a successful outcome at the United Nations financing conference in Ethiopia is vital for the future sustainable development agenda and could shape international cooperation for years to come, as negotiations on the draft text entered its final stages.


ADDIS: Africa's economic transformation in focus at UN development financing conference

15 July – A lack of industrialization puts Africa's long-term growth at risk, a senior United Nations official said today, as participants at the Third International Conference on Financing for Development discussed the economic transformation of the continent.


ADDIS: important financing roles of private investment, business highlighted at UN conference

14 July – In Addis Ababa, United Nations Secretary-General Ban Ki-moon today underscored the crucial financing role of the business sector in ensuring the necessary resources for people-centred sustainable development.