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Committee for Development Policy,?Report on the eighteenth session?(14-18 March 2016) (E/2016/33)
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Institutional constraints prevent the Least Developed Countries from fully utilizing the trade-related International Support Measures provided by development partners. A cost-benefit analysis has been developed as a methodology to identify institutional constraints and prioritize support measures comparing benefits with costs, based on survey data. Applied in Uganda, it identified critical institutional constraints: limited knowledge on how to access most of the assistance; inadequate institutional arrangements; ineffective communications regarding the use of support measures. International support measures related to sanitary and phytosanitary issues, among others, are expected to…
Policy space in many developing countries constrained by El Ni?o
Further improvement in labour market conditions in Europe and the United States
Monetary stance eases in the CIS but tightens in Africa
The 18th session was held from 14-18 March at UN Headquarters in New York
Is the zero lower bound no longer a hard constraint?
EU-wide strategy to address refugee crisis remains elusive
Drought leads to a spike in food prices in Africa and Latin America
The launching of the Millennium Development Goals (MDGs) at the dawn of the present century ushered in one of the most important initiatives undertaken by the United Nations. Concerted efforts at the international, national and subnational levels to achieve the MDGs have brought about significant development progress over the past 15 years. Nevertheless, important development gaps remain.
Commodity price rout dampens regional growth prospects
China emphasized the need to improve productivity through policies on the supply side of the economy
Bank of Japan adopts a negative interest rate
The report projects a modest improvement for the world economy in 2016/17 as a number of cyclical and structural headwinds persist. Global growth is estimated at a mere 2.4 per cent in 2015 and is forecast to grow by 2.9 per cent in 2016 and 3.2 per cent in 2017.
Limited global financial market reaction to Fed's interest rate move
IMF includes Chinese renminbi in the SDR basket
Monetary tightening in Western Asia and Latin America in response to Fed's first rate hike in seven years