Economic issues


In Bangladesh, the International Organization for Migration (IOM) has launched an emergency response following a large fire in a Rohingya refugee camp in Cox’s Bazar on 20 January. Relief efforts are being carried out in close coordination with the Government of Bangladesh, as well as humanitarian partners.

GA/EF/3615

Concluding its seventy-ninth session today, the Second Committee (Economic and Financial) — while not taking a decision on its agenda item concerning revitalization of its work — heard that its working methods must be improved despite a lack of consensus on how best to do so.

A new World Meteorological Organization report forecast global temperatures will continue at or near record levels in the next five years, increasing climate risks and impacts on societies, economies and sustainable development, with an 86 per cent chance that at least one year will be over 1.5°C above pre-industrial levels.

The Secretary-General has appointed experts to develop recommendations for measures that complement or go beyond Gross Domestic Product (GDP). This is a way to recognize that GDP — relied upon as a gauge of prosperity — provides an incomplete picture of the different dimensions of sustainable development.