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Lift in global economy prompts opportunities to tackle deep-rooted development issues

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A three per cent upturn in the global economy has paved the way to readjust policy towards longer-term issues, such as addressing climate change, tackling existing inequalities and removing institutional obstacles to development, according to a new United Nations report on global economic prospects.

Launched in New York on Monday, among other things, the World Economic Situation and Prospects (WESP ) 2018 offers policy imperatives that include tackling inequality and delinking economic growth from environmental degradation.

“The World Economic Situation and Prospects 2018 demonstrates that current macroeconomic conditions offer policy-makers greater scope to address some of the deep-rooted issues that continue to hamper progress towards the Sustainable Development Goals,” stated UN Secretary-General António Guterres in the Foreword.

According to the report, 2017 global economic growth had reached three per cent – its highest since 2011 – as crisis-related fragilities and the adverse effects of other recent shocks have subsided.

The improvement is widespread. Roughly two-thirds of the world’s countries have experienced stronger growth in 2017 than in the previous year, and movement is expected to remain steady at three per cent in 2018 and 2019.

Noting that the recent pickup in global growth stems predominantly from firmer growth in several developed economies, the report states that East and South Asia remain the world most dynamic regions.

Despite the improved short-term outlook, the global economy continues to face longer-term challenges, including trade policy changes and rising geopolitical tensions.

The report highlighted that the improved macroeconomic situation has opened a door for reorienting policies, including to increase economic diversification; reduce inequality; support long-term investment; and tackle institutional deficiencies. It noted that addressing these challenges can generate stronger investment and productivity, higher job creation and more sustainable medium-term economic growth.

Uneven Growth

However, the recent economic improvements have been unevenly distributed across countries and regions.

Through 2019, negligible per capita income growth is expected in several parts of Africa, Western Asia and Latin America and the Caribbean – underscoring the urgent need to foster an environment that will both accelerate medium-term growth prospects and tackle poverty through policies that address income and opportunity inequalities.

The report also found that – hindered by institutional deficiencies, inadequate basic infrastructure and greater exposure levels to natural disasters, along with challenges to security and political instability – very few least developed countries (LDCs ) are expected to reach the Sustainable Development Goal target for GDP growth of “at least 7 per cent” (SDG 8.1) in the near term.

In addition to mobilizing financial resources to meet LDC investment needs, policies must also focus on conflict prevention and removing barriers that continue to hinder more rapid progress.

After remaining flat for three consecutive years, preliminary estimates suggest that 2017 global energy-related CO2 emissions increased, according to WESP.

“While the upturn in global growth is a welcome sign of a healthier economy, it is important to remember that this may come at an environmental cost,” said Under-Secretary-General for Economic and Social Affairs Liu Zhenmin.

As the frequency of weather-related shocks continues to rise, the urgent need to build resilience against climate change and prioritize environmental protection is becoming more prevalent.

International shipping and aviation emission polices, which do not fall under the purview of the Paris Agreement, must be strengthened as their emissions continue to grow faster than those from road transport.

“This calls for stronger efforts to delink economic growth and environmental degradation – as also emphasized by the UN Climate Change Conference in Bonn last month,” stressed Mr. Liu.

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UN launches global plan to strengthen protection of internally displaced persons

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With multiple crises forcing millions of people away from their homes, United Nations agencies, Governments and partners have launched a set of measures to strengthen protection of internally displaced persons as well as find solutions to address their problems.

“Addressing the protection needs of the forcibly displaced and seeking solutions to their plight contribute to greater stability for countries and whole regions,” said Filippo Grandi, the UN High Commissioner for Refugees, in a news release announcing the three-year Plan of Action.

The consequences of our failure to resolve internal displacement can be devastating,” he stressed.

The framework, formally called the Plan of Action for Advancing Prevention, Protection and Solutions for Internally Displaced People (2018-2020), calls on all relevant actors to step up efforts to prevent, respond to and resolve internal displacement.

It also proposes concrete activities to strengthen the participation of internally displaced persons in decisions concerning them, and expand national laws and policies on internal displacement as well as actions to improve data collection and analysis on displacements globally.

By the end of 2016, more than 40 million people were displaced within their own countries due to insecurity or rights violations. An additional 24 million were driven from their homes due to disasters. Every year, an estimated 15 million people are also displaced by development projects.

Bold and ambitious steps needed

Given this complex conundrum, “bold and ambitious” steps are needed, underscored Cecilia Jimenez-Damary, the UN Special Rapporteur on the human rights of internally displaced persons.

“The Plan of Action seeks to galvanize a strategic dialogue, concerted action and adequate resources to address the plight of the internally displaced, while engaging them in the decisions that affect them,” added the independent expert.

In the same vein, Mark Lowcock, the UN Under-Secretary-General for Humanitarian Affairs committed that the Organization will continue to work with affected Governments and displaced persons to ensure that their needs are addressed.

Leave no one behind

“The international community has pledged to leave no one behind,” stressed Mr. Lowcock, who is also the UN Emergency Relief Coordinator, noting that this promise must extend to all those displaced.

The Plan of Action was drafted under the leadership of the Special Rapporteur, the Office for the Coordination of Humanitarian Affairs (OCHA) and the Office of the UN High Commissioner for Refugees (UNHCR).

Its launch coincides with the 20th anniversary of the Guiding Principles on Internal Displacement, widely accepted as being the global standard for protecting and assisting internally displaced people.

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UN Environment designates Chinese idol Wang Junkai as National Goodwill Ambassador

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Singer and Actor Wang Junkai, or Karry Wang, best known for his leading role in the box office blockbuster film Miracles of the Namiya General Store and the hit single “KarryOn” was designated as UN Environment Goodwill Ambassador today in a ceremony in Beijing.

In his role as goodwill ambassador, Wang will connect with China’s youth on some of the most urgent
environment issues of their generation, including pollution, air quality, wildlife protection, ecosystems, and more.

As a young actor and singer, I greatly appreciate UN Environment giving me this opportunity to be National Goodwill Ambassador. We youth have the responsibility to protect our environment and secure our future, and I am looking forward to learn from and work with the UN family on key environmental issues. Youth are no longer merely onlookers when it comes to environmental action, nor should they be. I will spare no effort to do everything I can to take care of our earth, and I invite everyone to join me in generating a wave of positive action.

It’s inspiring to hear a strong and determined voice of Chinese youth on environmental issues. When young people set their mind to change, incredible things can be accomplished,” said Erik Solheim, head of UN Environment. “We’re very excited to work with Wang Junkai to create even more awareness about environmental issues and, more importantly, the solutions to these challenges.”

The 18-year old performer is a superstar of the highest ranks in Asia. Known for his leading role in the film Namiya General Store, top roles in various TV series – among which “Finding Soul” and “Qingyun Zhi “ – and solo music career, he has amassed more than 40 million followers on Weibo, the Chinese version of Twitter. Both in China and the rest of South-East Asia, Wang has been one of the leaders of the online conversation on the environment.

In 2016, Wang widely shared the #wildforlife Campaign, reaching 400 million viewers. A year later, he publicly spoke out on the urgent need to protect endangered wildlife, naming them the “superstars of the planet.”

Beyond drawing attention to wildlife, he called upon his followers to pledge to reduce their e-waste, with the hashtag #beatpollution. Within 24 hours, his post was retweeted by 1.67 million times and more than 400,000 followers signed the pledges.

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New Solar Project to Restore Electricity to Over One Million Yemenis

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The World Bank announced today a new project to finance off-grid solar systems in Yemen to power vital basic services, and improve access to electricity for vulnerable Yemenis in rural and outlying urban areas.

Funded by a US$50 million grant from IDA, the World Bank’s fund for the world’s poorest countries, the new project will rely on the commercial solar market, which has grown despite the conflict, providing further support to the local economy and creating jobs.

Solar power has proved to be the most immediate solution for severe energy shortages in Yemen. A booming solar industry has developed driven by the private sector, but the costs have put the technology beyond the reach of public facilities and the most vulnerable populations.

The Yemen Emergency Electricity Access Project will work with the current solar supply chain and the existing network of microfinance institutions, to finance and deliver off-grid solar systems to rural and peri-urban areas. The aim is to restore or improve access to electricity to 1.4 million people, around half of them women. The project will also fund solar power for critical infrastructure, such hospitals, schools, water corporations, and rural electricity providers.

The lack of electricity in Yemen has had a devastating impact on Yemenis and the provision of services,” said Dr. Asad Alam, World Bank Group Country Director for Yemen, Egypt, and Djibouti. “While responding to immediate need, the project will contribute to building a more inclusive and sustainable solar market in Yemen through targeted financing to the private sector which will expand its reach to the poor and vulnerable.

The project will be implemented in partnership with the United Nations Office for Project Services (UNOPS) and in collaboration with the local private sector, including Micro Finance Institutions, solar equipment suppliers and technicians. Working with the Yemeni private sector will help create hundreds of jobs.

Investing in solar will make Yemen’s electricity more resilient, reduce the dependence on fuels for critical service facilities, and create jobs in the private sector,” said Joern Torsten Huenteler, World Bank Energy Specialist and Task Team Leader of the project, “What Yemenis need today more than ever is a quick and innovative energy solutions to help ease the crisis.

With this new financing, IDA emergency grants to Yemen issued since July 2016 have totaled US$1.183 billion.

These projects have been prepared – and are being implemented – in partnership with Yemeni institutions and UN organizations such as the United Nations Development Program, the United Nations Children’s Fund, the World Health Organization, the United Nations Food and Agriculture Organization, and the United Nations Office for Project Services.

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