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The UN’s leading development organisation just got a renewed mandate for its work, but not without difficulty because the developed countries are tighter with their concessions to the developing countries. The process in attaining it shows the not too healthy state of North-South relations.

The United Nations’ leading organisation for discussions on economic issues has recently concluded its conference, held once in four years, by adopting two declarations.

That is seen as another success in international co-operation, this time on trade, development and related issues. However, agreement was reached only after a lot of difficult wrangling between the developed and developing countries.

From Malaysia to London:

How a jailed former banker and a lone British journalist broke a story that shook the world

 

Few would deny the revolution that the digital economy has brought to our lives. People and companies are using the power of the internet, and the networks and leverage that it brings, to transform the way they shop, sell, socialize, seek medical advice – and work. The benefits of the new economy are multiple, but the impact on social security as we know it is significant, and will require innovative responses.

The Panama papers scandal prompted G20 Finance Ministers and Central Bank Governors to prepare a blacklist of countries not participating in the fiscal information exchange by the next meeting in July 2017, according to a Russian official.

Due to UNCTAD's decidedly pro-South and uncompromising development-focused mission, its quadrennial conferences have traditionally been North –South showdowns. Coming a few months after the adoption of the ambitious and universal 2030 Agenda for Sustainable Development and its 17 associated goals, the theme of the XIV Quadrennial Conference of UNCTAD (the United Nations Conference on Trade and Development) was “From Decisions to Actions.” There was, therefore, reason to expect that this time members would bridge their differences for the sake of reinforcing mandates of the organization critical to the Agenda’s implementation. But that was not the case, and the dynamics were a lot more akin to the difficult ones witnessed in the inaugural Financing for Development (FFD) Forum last April.

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