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Economic and Social Council


Stressing that 2015 provided a “historic” opportunity to advance the sustainable development agenda, United Nations and Government officials shed light today on strategies to make the Organization’s development system more nimble and effective in supporting priorities in countries worldwide over the next 15 years.


The collapse of the international financial system in 2008 was partly attributable to the conflicts of interest implicit in agency-client relationships and the lack of transparency in the industry, experts said today as the Economic and Social Council held a panel exploring how countries, regional organizations and United Nations agencies could work together towards a fair, transparent and more comprehensive international credit ratings system that supported sustainable development.