Sub-Saharan Africa faces the task of trying to boost its economy while simultaneously dealing with repeated COVID-19 outbreaks. The explains the three challenges finance ministers in sub-Saharan Africa are facing today: Firstly, to meet increased spending needs; secondly, to contain a pronounced increase in public debt, and finally, to mobilize more tax revenues. How policymakers navigate this trilemma will have a huge bearing on economic and social outcomes in the coming years.
Economic Development
The Dragon鈥檚 Blood tree, seen here, endemic to Socotra, is a tourist attraction. Socotra, south of the Arabian Peninsula, means 鈥island abode of bliss鈥 in Sanskrit. It is a hub for international holiday makers enjoying the breathtaking landscape and fascinating fauna, and diving, snorkeling, and trekking. When Yemen鈥檚 war broke out in March 2015, the island鈥檚 economy was devastated. Mother Nature has also recently been unkind, with severe water scarcity particularly in rural areas, and devastating cyclones. In partnership with the World Bank, UNDP, the Social Fund for Development (SFD) and our partners in Socotra鈥檚 communities, continue to work toward a brighter future for this isolated paradise.
The United Nations Commission on Science and Technology for Development convenes from 17 to 21 May, bringing together UN leaders, led by Deputy Secretary-General Amina Mohammed, scientists, including a Nobel laureate, and other experts to explore how new technologies can contribute to a sustainable and resilient COVID-19 recovery for all.
A finalist of 鈥檚 award for women in business gets $10 million from her government to build a fresh juice factory that will promote sustainable agriculture and improve livelihoods in North Uganda. Julian Omalla produces one of Uganda鈥檚 most popular fruit drinks, Cheers, boasting a loyal customer base of over 5 million people. Affectionately known by many as 鈥淢ama Cheers鈥, the 56-year-old founder and chief executive is one of the east African nation鈥檚 foremost female entrepreneurs.
Every year, more than 2.3 million people die from workplace accidents and illnesses 鈥 while millions more experience a significant reduction in their quality of life. Watch this video to learn more about the need to build, sustain and reinforce strong health and safety cultures on construction sites.
While the past year has been , there have been remarkable stories of human resilience, ingenuity, and creativity. From helping small companies weather the pandemic, through supporting women firefighters, creating sustainable jobs for youth, connecting people to high-quality healthcare and vulnerable groups to food suplies, to kickstarting sanitizer production - the shares of hope from around the globe. These are not billion-dollar projects, but the tales of everyday entrepreneurship and innovation happening on a small scale with a big impact.
New projections show stronger growth than expected in 2021, but the untackled problems of inequality, indebtedness and weak investment threaten hopes for a more resilient future. The global economy is set to grow by 4.7% this year, faster than predicted in September (4.3%), thanks in part to a stronger recovery in the United States, where progress in distributing vaccines and a fresh fiscal stimulus of $1.9 trillion are expected to boost consumer spending, says the to 鈥檚 Trade and Development Report 2020.
Twelve months, twelve lessons from the pandemic: Facts save lives; Be fast, be global; Everything is connected; We are not all treated equally, and that needs to change; Progress can be precarious; Biodiversity is keeping us alive; Women鈥檚 leadership is needed more than ever; Many hands make light work 鈥 even if some are not human; Migrants are the future; The more we know, the more effectively we can act; The SDGs are more vital than ever; A crisis is also an opportunity.
鈥檚 Global Recovery Observatory on green spending brings together global leaders and international institutions to debate progress, explore openings, and attempt to answer some of the major questions following the Covid-19 pandemic. An online is asking and answering the questions that matter: What is at risk if we fail to build back better? Can recovery spending bring strong economic and job impacts while securing environmental progress? How can countries better leverage recovery spending to accelerate the transition to a sustainable and more equitable world?
Not long ago, the 74 poorest countries in the world were well on the path to a better, more prosperous future. But COVID-19 is threatening all that. Today, health workers, teachers, students, employees, scientists, women, men and many others are weaving stories of resilience in the midst of this crisis.
Engineering has always had an essential role in development and human welfare. Engineering has helped to shape the world for millennia and now more than ever, the world needs engineering. Ensuring that future generations of engineers and scientists will be able to design solutions for local and global challenges is critical. proclaimed 4 March to raise awareness of the role of engineering in modern life, which is essential to mitigate the impact of climate change and advance sustainable development.
A new UN guide, supported by , highlights how governments can use long-term infrastructure planning to save money, increase efficiency, and promote sustainability. Managing Infrastructure Assets for Sustainable Development calls to vastly overhaul the way governments build and maintain infrastructure. Everything from water and sanitation systems to energy grids to transportation facilities must be strengthened in order to reduce waste and costs, improve the delivery of essential public services and ensure a sustainable future for all.
COVID-19 has shown that health, decent work and environmental sustainability are strongly linked. The principles of the circular economy 鈥 repair, re-use and recycle are key to achieving sustainable supply chains and can help promote decent work.
The is an online portal with publications, manuals, resources and tools that allow policymakers to measure their countries鈥 performance in achieving their national development goals, as well as their ability to meet the UN鈥檚 Sustainable Development Goals (SDGs).
We step into a new decade bringing with us the shadow of the last. The COVID-19 pandemic challenged not just our everyday lives. It also drew our attention to the need to act as one to address the challenges of inequality, climate change and governance. In response, continues to work with its partners to deliver for those most in need. The pandemic tested international cooperation and the multilateral system that underpins it and showed, more starkly than ever, how we must respond collectively and in new more flexible ways to complex and unprecedented global challenges.