The unfolding global financial and economic crisis, the most severe economic downturn that the global community has experienced in the past 60 years, was at the top of the CEB agenda during the period under review. In a communiqué issued following the CEB session in April 2009, the executive heads emphasized that the social effects of the crisis were already disturbing and could worsen. Unless urgent action were taken, the crisis could have devastating effects for the most vulnerable and voiceless, with growing social insecurity and displacement of people.
Please note: only publishing dates after March 2013 may be considered reliable.
Pages tagged with Global financial and economic crisis
During the period under review, CEB continued its efforts at furthering coordination and cooperation among the organizations of the United Nations system on a wide range of programme, management and operational issues. As pointed out by Member States during the consultations on system-wide coherence held by the General Assembly during its sixty-first to sixty-third sessions, coherence is not a goal in itself but a means of improving the delivery of support to those that need it most.
Global financial and economic crisis; Second United Nations Decade for the Eradication of Poverty (2008-2017); Climate change; United Nations development system working together; Working together in crisis and post-crisis countries; Security and safety of staff; Business practices
Since the unfolding of the global financial and economic crisis, CEB has taken special measures to enable a rapid United Nations system response. Starting in October 2008, the Board and the High-level Committee on Programmes initiated a review and analysis of the impact of the crisis and identified the major challenges facing the international community in meeting the needs of the world’s most vulnerable. Bearing in mind the multidimensional nature of the crisis, the Board adopted nine Joint Crisis Initiatives in the first months of 2009.
United Nations system response to the global financial and economic crisis; Supporting progress towards the Millennium Development Goals; Climate change; Security and safety of staff; Harmonization of business practices; United Nations development system working together; Working together in crisis, post-crisis and transition countries;
During 2009/10, the United Nations System Chief Executives Board for Coordination (CEB) continued its ongoing efforts to align the strengths of the United Nations system in support of countries’ efforts to deal with the challenges confronting the international community. Throughout the reporting period, CEB has played a key role in ensuring a coherent approach by the United Nations system in addressing the needs of the international community and delivering as one at the global, regional and country levels.
At the CEB first regular session 2009, Executive Heads adopted a Communiqué endorsing nine Joint Crisis Initiatives and emphasizing the need to assist countries and the global community to confront the crisis, accelerate recovery, and build a fair and inclusive system of globalization based on sustainable economic, social and environmental development for all.
In the present crisis, technology, innovation and creativity will be critical in creating opportunities for economic renewal leading to a more innovative, eco friendly and sustainable world
At its 18th session (17-18 September 2009) HLCP reviewed progress made under the decentralized leadership of the JCIs on the basis of progress reports and JCI templates by the lead agencies.
The Monitoring and Analysis aspect of the Joint Crisis Initiative is based on three pillars: Global Impact and Vulnerability Alert System (GIVAS); Integrated Monitoring and Analytical System for Crisis Response; Monitoring Economic and Financial Policies – IMF Surveillance.
The Trade Initiative monitors trade and investment developments to counter protectionism; regularly convene relevant stakeholders and prepare periodic reports on the situation of trade finance markets to foster transparency and best practices and ensure delivery of commitments.
Since the unfolding of the global financial and economic crisis in 2008, CEB has taken special measures to promote a rapid United Nations system response. Starting in October 2008, the Board and the High-level Committee on Programmes initiated a review and analysis of the impact of the crisis and identified the major challenges facing the international community in meeting the needs of the world’s most vulnerable.
The High-Level Committee on Programmes (HLCP) fosters coherence, cooperation and coordination on policy and programme dimensions of strategic issues for the UN system.
Press Releases and communiques issued by the United Nations System Chief Executives Board (CEB) for Coordination