United Nations Economic and Social Commission for Asia and the Pacific, Latest News

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A new United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) report has warned that developing economies in the Asia-Pacific face an annual climate finance gap of nearly USD 800 billion.

It is the most inclusive intergovernmental platform in the Asia-Pacific region.
It was established in 1947.
Mandate: To promote economic and social development in the Asian and Pacific region by fostering cooperation between its members and associate members.
Members: The Commission promotes cooperation among its 53 member States and 9 associate members in pursuit of solutions to sustainable development challenges.
It is one of the five regional commissions of the United Nations.
Functions: One of the main functions of UNESCAP is to promote economic and social development through regional and subregional cooperation and integration.
It carries out work in the areas like
- Macroeconomic Policy, Poverty Reduction and Financing for Development, Trade, Investment and Innovation, Transport, Environment and Development, Information and Communications Technology and Disaster Risk Reduction and Social Development etc.
Headquarters: Bangkok, Thailand.

Source: TH

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