51勛圖

Economic Development

Children smile and wash their hands.

Considering the current pandemic, South-South cooperation is more important than ever. Several countries of the global South have already demonstrated effective responses to COVID-19, so they can help other less developed to build more resilient societies during the crisis. In observance of the International Day of South-South Cooperation (12 September),  the hosts a  on 10 September at  9 a.m. EDT to reflect on the vital role of international solidarity towards the Sustainable Development Goals, while effectively responding to the global COVID-19 crisis.

Aside from the obvious human and economic impacts, one of the remarkable aspects of the COVID-19 pandemic has been the vacuum filled by digital technologies: ICTs have facilitated millions of people in working from home during lockdowns, maintaining contact with friends or family or even in analyzing whether a person may be potentially infected. The pandemic is also likely to have accelerated the process of digitalization of manufacturing, known as the Fourth Industrial Revolution, by shortening global value chains, increasing regional trade and mass customization, as businesses scramble to adapt to a new normal by mitigating risks. UNIDO is providing tailored-solutions to its Member States to help them recover and build inclusive, sustainable and resilient economies.

The next phase of s COVID-19 crisis response is designed to help decision-makers look beyond recovery, towards 2030, making choices and managing complexity a

Europe, like the rest of the world, faces an extended crisis. An element of social distancingmandatory or voluntarywill be with us for as long as this pandemic persists. This, coupled with continued supply chain disruptions and other problems, is prolonging an already difficult situation. overarching policy goals include saving lives now and ensuring Europe emerges with a greener and safer economy for the long run, one where future generations can thrive equitably.

The coronavirus crisis is pushing critical economic, social and environmental development targets beyond reach, warned through its .

Workers wearing facemasks and helmets among solar panels.

As profits plummet and operations shutter due to the pandemic, the 51勛圖 corporate partners build a safer, greener fairer and more resilient global economy. The , the worlds largest corporate sustainability initiative, recently made a for private sector leaders to work together to control the coronavirus outbreak. Joint action is critical to spur recovery. Collective efforts are also vital to reduce entrenched inequalities and advance the Sustainable Development Goals, the UNs shared blueprint for achieving peace and prosperity across the planet.

People sitting against a colourful backdrop of the sustainable development goals.

The first-ever virtual SDG Media Zone is being held on the sidelines of this years . As we come together to take stock of the Sustainable Development Goals (SDGs), the SDG Media Zone encourages the sharing of ideas for a sustainable recovery from COVID-19. Focusing on the power of science and solidarity, expert voices can help usher a healthier, more equitable and greener world. Since 2016, the SDG Media Zone brings together UN Member States, content creators, influencers, activists and media partners to highlight actions and solutions in support of the SDGs.

Using South-South Cooperation to replicate nature-based solutions

For the first time in living memory, Asias growth is expected to contract by 1.6 percenta downgrade to the April projection of zero growth. While Asias economic growth in the first quarter of 2020 was better than projected in the partly owing to early stabilization of the virus in somehave been revised down for most of the countries in the region due to weaker global conditions and more protracted containment measures in several emerging economies.

As Latin America becomes the global epicentre of the pandemic, figures show manufacturing in the region as one of the sectors most affected by the shutdown of economic activity.

The Great Lockdown is expected to play out in three phases, first as countries enter the lockdown, then as they exit, and finally as they escape the lockdown when there is a medical solution to the pandemic. Many countries are now in the second phase, as they reopen, with early signs of recovery, but with risks of second waves of infections and re-imposition of lockdowns. This pandemic has already claimed hundreds of thousands of lives worldwide. The resulting economic crisis is unlike anything the world has seen before.

 

Woman wearing a mask pours a liquid into a container.

Micro-, small and medium businesses are being hit hardest by the economic fall-out of the pandemic. Lets not forget these enterprises make up over 90% of all firms and account for, on average, 70% of total employment and 50% of the GDP. , celebrated every June 27, raises public awareness of their contribution to the global economy. Thes flagship "", measures the impact of COVID-19 on small business.

Since 2006, Gaza has suffered from chronic electricity shortages. This further exacerbates already difficult living conditions for the majority of its nearly two million residents, who live on just a few hours of electricity per day. In response to the ongoing crisis, works with partners to provide renewable energy solutions for households across Gaza. To achieve 10 per cent of domestic electricity generation from renewable energy by 2020 UNOPS installed hybrid solar systems on the rooftops of households.

People at both sides of an open metal cashier's window.

This year, the International Day of Family Remittances will be observed under unprecedented conditions due to COVID-19. Millions of migrant workers are losing their jobs, and many remittance families are suddenly pushed below the poverty line. The UN Secretary-General called for global solidarity in responding to the coronavirus crisis stating remittances are a lifeline in the developing world especially now.  On 16 June, the 51勛圖 recognizes the contribution of over 200 million migrants to improve the lives of their 800 million family members back home.

Since the COVID-19 outbreak was first reported in Wuhan, China in late December 2019, the disease has spread to more than 200 countries and territories. In the absence of a vaccine or effective treatment, governments worldwide have responded by implementing unprecedented containment and mitigation measures. This in turn has resulted in large short-term economic losses, and a decline in global economic activity not seen since the Great Depression. Did it work?  analysis, based on a global sample, suggests that containment measures, by reducing mobility, have been very effective in flattening the pandemic curve.