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World Economic Situation and Prospects 2016

image of World Economic Situation and Prospects 2016
The World Economic Situation and Prospects (WESP) is the definitive report of the United Nations on the state of the world economy. One of the most highly anticipated economic reports from the United Nations, it is jointly produced by the Department of Economic and Social Affairs, the United Nations Conference on Trade and Development and the five United Nations Regional Commissions. It provides an overview of recent global economic performance and short-term prospects for the world economy and of some key global economic policy and development issues.

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International finance for sustainable development

The year 2015 has been a significant one for global cooperation in development. In September, world leaders adopted a new set of Sustainable Development Goals (SDGs) and targets as part of the 2030 Agenda for Sustainable Development. They also agreed in July on a new financing framework for achieving sustainable development, embodied in the Addis Ababa Action Agenda (AAAA) (box III.1). Earlier in March, Governments adopted a post-2015 framework on disaster risk reduction. Taken together, these new global agreements provide a comprehensive framework within which international finance should flow.

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