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Economic Analysis and Policy

Impacted by prolonged trade disputes, the global economy suffered its lowest growth in a decade, slipping to 2.3 per cent in 2019. The world, however, could see a slight uptick in economic activity in 2020 if risks are kept at bay, according to the United Nations World Economic Situation and Prospects (WESP) 2020.

The Report states that growth of 2.5 per cent in 2020 is possible, but a flareup of trade tensions, financial turmoil, or an escalation of geopolitical tensions could derail a recovery. In a downside scenario, global growth would slow to just 1.8 per cent this year. A prolonged weakness in global economic activity may cause significant setbacks for sustainable…

Capacity Development, Sustainable Development

47 countries presented their Voluntary National Reviews (VNR) at the High-level Political Forum on Sustainable Development (HLPF) under the auspices of the UN Economic and Social Council, held in New York from 9 to 18 July 2019. Since 2016, when the first reviews were presented, a total of 142 countries have reported on their efforts to implement the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals (SDGs).

As in previous years, this report provides an overview of the approaches and actions taken by all countries reporting in 2019 and showcases best practices, lessons learned, gaps and challenges encountered in working towards the achievement of the…

Sustainable Development

Achieving human well-being and eradicating poverty for all of the Earth’s people—expected to number eight and a half billion by 2030—is still possible, but only if there is a fundamental—and urgent—change in the relationship between people and nature, and a significant reduction in social and gender inequalities between and inside countries, according to a new United Nations report by an independent group of scientists to be launched at the 2019 SDG Summit, but made available today.

The Report, requested by all countries to evaluate progress on the 2030 Sustainable Development Agenda, is the first of its kind since the landmark Sustainable Development Goals (SDGs) were adopted…

Statistics, Sustainable Development

The impacts of climate change and increasing inequality across and within countries are undermining progress on the sustainable development agenda, threatening to reverse many of the gains made over the last decades that have improved people’s lives, warns the  2019 report on the Sustainable Development Goals.

Launched during the UN High-level Political Forum on Sustainable Development, a critical annual stocktaking event, the report, based on the latest available data, remains the cornerstone for measuring progress and identifying gaps in the implementation of all 17 Sustainable Development Goals.

Four years since the adoption of the Sustainable Development Goals --…

Public Administration

The 2030 Agenda and the Sustainable Development Goals (SDGs) prominently feature institutions, both as a cross-cutting issue in many of the goals and as a standalone goal (SDG 16). The World Public Sector Report 2019 looks at national-level developments in relation to several concepts highlighted in the targets of Goal 16, which are viewed as institutional principles: access to information, transparency, accountability, anti-corruption, inclusiveness of decision-making processes, and non-discrimination. The report surveys global trends in these areas, documenting both the availability of information on those trends and the status of knowledge about the effectiveness of related policies…

Financing for Development

The United Nations Manual for the Negotiation of Bilateral Tax Treaties between Developed and Developing Countries (2019) is a compact training tool for beginners with limited experience in tax treaty negotiation. It seeks to provide practical guidance to tax treaty negotiators in developing countries, in particular those who negotiate based on the United Nations Model Double Taxation Convention between Developed and Developing Countries. It deals with all the basic aspects of tax treaty negotiation and it is focused on the realities and stages of capacity development of developing countries.

While every country should form its own policy considerations and define…

Economic Analysis and Policy

The global economy is experiencing a broad-based growth slowdown amid unresolved trade tensions, high international policy uncertainty, and softening business confidence, according to the United Nations World Economic Situation and Prospects (WESP) mid-2019 report.

The forecast for weaker global growth casts a shadow over efforts to implement the 2030 Agenda for Sustainable Development, which has set universal goals for eliminating poverty, promoting prosperity and social well-being while protecting the environment. Weaker economic growth puts at risk essential investments in areas such as education, health, climate change adaptation and sustainable infrastructure.

Financing for Development

The 2019 Financing for Sustainable Development Report (FSDR) of the Inter-agency Task Force on Financing for Development warns that mobilizing sufficient financing remains a major challenge in implementing the 2030 Agenda for Sustainable Development. Despite signs of progress, investments that are critical to achieving the Sustainable Development Goals (SDGs) remain underfunded and parts of the multilateral system are under strain.

The FSDR recommends that the international community should use this opportunity to reshape both national and international financial systems in line with sustainable development. If we fail to do so, we will fail to deliver the 2030…

Economic Analysis and Policy

The global economy will continue to grow at a steady pace of around 3 per cent in 2019 and 2020 amid signs that global growth has peaked. However, a worrisome combination of development challenges could further undermine growth, according to the United Nations World Economic Situation and Prospects (WESP) 2019.

UN Secretary-General António Guterres cautioned “While global economic indicators remain largely favourable, they do not tell the whole story.” He said the World Economic Situation and Prospects 2019 “raises concerns over the sustainability of global economic growth in the face of rising financial, social and environmental challenges.”

Global growth is expected to…

Capacity Development, Sustainable Development

The 2018 High-Level Political Forum (HLPF) on sustainable development took place from 9 to 18 July. A total of 46 countries presented voluntary national reviews, up from 43 countries that conducted reviews in 2017. Since the inaugural reviews in 2016, 111 reviews have been presented, by 102 countries, with a number of countries conducting second reviews. Looking ahead to the 2019 HLPF, it is anticipated that 51 countries will present their national reviews, of which 41 will be doing so for the first time.

The voluntary national reviews document how countries are tackling the transformative challenge of the 2030 Agenda. The reviews are country-specific and complement the broader…

Economic Analysis and Policy

New frontier technologies — everything from renewable energy technologies to biodegradable plastics, artificial intelligence and electric vehicles — hold immense potential to improve people’s lives and significantly accelerate efforts to achieve the Sustainable Development Goals and address climate change. But without appropriate policies, they can also drive greater inequality and increase social dislocations.

The World Economic and Social Survey 2018 produced by UN DESA found that renewable energy technologies and efficient energy storage systems are already enhancing environmental sustainability, allowing countries to “leapfrog” over existing technological solutions. New…

Public Administration

Countries in all regions of the world are continuing to make strides in their efforts to improve e-government and to provide public services online according to a new report launched by the United Nations Department of Economic and Social Affairs today.

In a 2018 ranking of countries on e-government development, Denmark, Australia, and Republic of Korea came out on top of a group of 40 countries, scoring very high on an index (the E-Government Development Index—EGDI), which measures countries’ use of information and communications technologies to deliver public services. The Index captures the scope and quality of online services, status of telecommunication infrastructure and…