All articles tagged with #undp
IMF leadership and UNDP officials are calling on wealthy nations to address rising debt burdens and the potential for AI to disrupt employment. While developing countries face severe interest costs, advanced economies must manage fiscal deficits and prepare for a workforce where 1.2 billion new entrants will compete for only 400 million net new jobs.
A war-damaged residential building in Gaza City collapsed overnight, killing at least 21 people, including eight children, and trapping dozens more. Rescue efforts were severely hampered by a lack of heavy machinery, forcing workers to dig with bare hands. The incident highlights the dire conditions facing displaced Palestinians living in compromised structures, with UN officials warning that approximately 400 other buildings are at imminent risk of collapse as winter approaches.
Representatives from UNHCR, UNDP, ICRC, and WHO provided updates on various issues, including the prolonged uncertainty and exile for millions displaced by the third year of the Ukraine war, the socio-economic impact of the war and a new UNDP report on MSMEs, ICRC's work with missing persons in the international armed conflict between Russia and Ukraine, and updates on the global measles situation and Gaza from WHO.
A new report by the United Nations Development Programme (UNDP) warns that Israel's war on Hamas has severely impacted the Palestinian economy in Gaza and the West Bank, setting it back more than a decade. The conflict has led to a rise in poverty, displacement of people, and a humanitarian crisis. Key economic indicators such as employment rates and GDP have plummeted, with a projected loss of $857 million in GDP after one month of war. The report predicts an 11 to 16-year setback in human development across the region, and if the fighting continues, the setback could be as much as 19 years.
The UN-led effort to prevent an environmental and humanitarian disaster from the decaying FSO Safer supertanker off Yemen's coast is progressing as the replacement vessel Nautica is en route to the site. All technical preparations and agreements for the oil transfer operation have been finalized. The FSO Safer, which contains 1.14 million barrels of oil, has been at risk of breaking up or exploding since it was abandoned in 2015. The UN warns that a major spill would devastate fishing communities and cost billions of dollars to clean up. The UNDP has contracted SMIT for the operation, and the oil transfer is expected to take about two weeks to complete once the replacement vessel arrives.