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The least developed country category was established by the international community for countries requiring special support measures for dealing with their structural impediments to growth. Despite the availability of these measures and the efforts of the LDCs themselves, relatively little progress has been achieved. This paper reviews some of the main international support measures from the perspective of five LDCs. It highlights country approaches to the support received and the challenges confronted in accessing the measures. For an effective use of the special support, the report stresses stronger country ownership and improved donor support.
The State of the Global Partnership for Development: In its latest report, the MDG Gap Task Force found much progress towards achieving the goals set under MDG 8.
UN Task Team Thematic Think Pieces Countries with special needs
A number of official resolutions and decisions related to the work of the Committee for Development Policy are issued on a regular basis. These documents are in response to the Committee's programme of work on themes dealt with by the Council, as
2014
Report on the sixteenth session of the Committee for Development Policy, 24-28 March, 2014 (E/2014/33, Supplement No. 13)
Russian Federation and European Union economies affected by reciprocal economic sanctions
U.S. labour market situation presents challenge to setting monetary policy
Brazil falls into recession, while India expands faster than expected
The proliferation of country groupings indicates the need to assess the effectiveness of the current system for development cooperation and to explore better ways to manage the international system, as heterogeneity among developing countries increases. Great caution should be exercised in devising new country categories. Donors can use sound criteria for aid allocation without creating new groupings. If new categories are created at all, issue-based classifications should be preferred to comprehensive categories; support should be issue-specific. Among the existing comprehensive classifications, the LDC category has significant advantages but it needs to better address the problems and…
This paper examines the prospects of achieving a main goal of the Istanbul Programme of Action - at least half of the LDCs to meet the graduation criteria by 2020. Based on two different sets of graduation criteria established by the CDP and current trends in socio-economic indicators of LDCs, the paper concludes that the goal is unlikely to be met even under an optimistic scenario. There are considerable uncertainties about the possible outcome, partly owing to the way in which the graduation criteria are established and partly owing to the difficulty of predicting future course of socio-economic development of LDCs.
Multilateral trade rules have maintained stable and predictable trade flows. Developing countries increased their participation in world markets but marked asymmetries persist; not all countries are benefitting from trade. Successive trade rounds and numerous regional trade and bilateral investment agreements led to significant loss of policy space and fragmentation. Special and differential treatment has not provided necessary flexibility for implementation of development policies while the principle of less than full reciprocity is eroded. Stronger multilateralism, effective overseeing and enforcing role by WTO and greater focus by developing countries in negotiating flexible rules (…
August 2014
Summary: Global equity markets face potential policy shocks
?BRICS announce the creation of the?New Development Bank
?Argentina defaults on its sovereign debt Extr