The global partnership for development, as crystallized in Millennium Development Goal 8, has played a crucial role in galvanizing international support for development. Given the global challenges at hand, there is an urgent need for true collective action from all countries to create an enabling environment for development at all levels. The latest report of the UN System Task Team on the Post-2015 UN Development Agenda provides a set of recommendations on the global partnership for development in the post-2015 era. Read more

Growth of the world economy has weakened considerably during 2012 and is expected to remain subdued in the coming two years. The global economy is expected to grow at 2.4 per cent in 2013 and 3.2 per cent in 2014 a significant downgrade from the UN’s forecast of half a year ago. The report also foresees a much slower pace of poverty reduction in many developing countries and a narrowing fiscal space for investments in critical areas for achieving the MDGs. Read more

In its 2012 Report, the MDG Gap Task Force has had difficulty identifying areas of significant new progress towards delivering on commitments to the Global Partnership for Development, and for the first time there are signs of backsliding. The volume of official development assistance (ODA) fell for the first time in many years, obstacles to exports from developing countries are on the rise, and numerous developing countries are facing debt difficulties. Read more

The financial needs of developing countries have long outstripped the willingness and ability of donors to provide aid. Addressing this challenge, the survey proposes an international tax, combined with other innovative financing mechanisms, to raise more than $400 billion annually for development and global challenges such as fighting climate change. Read more

The world economy is on the brink of another major downturn. Global economic growth started to decelerate on a broad front in mid-2011 and is estimated to have averaged 2.8 per cent over the last year. This economic slowdown is expected to continue into 2012 and 2013. The United Nations baseline forecast for the growth of world gross product (WGP) is 2.6 per cent for 2012 and 3.2 per cent for 2013, which is below the pre-crisis pace of global growth. Read more