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Global growth has slowed sharply, and the risk of financial stress in emerging market and developing economies is intensifying amid elevated global interest rates, according to the World Bank’s latest Global Economic Prospects report. WORLD BANK

The United Nations held on Friday a pledging conference for the UN Relief and Works Agency for Palestine Refugees (UNRWA) as an opportunity for Member States to match their political commitment with sufficient and predictable financial contributions. UNIFEED

Announcing the United Arab Emirates’ priorities for its presidency of the Security Council for the month of June, Permanent Representative Lana Zaki Nusseibeh said that her country wants to “underscore how climate change has been, is and will continue to directly impact the Council's ability to carry out its mandate.” UNIFEED

Head of UNRWA, Philippe Lazzarini, told reporters that finding a solution to "UNRWA chronic financial problem requires political will to match the support for the mandate with sufficient resources," adding that the problem lays at a discrepancy between what UNRWA is expected to deliver and the resource being made available. UNIFEED

Member States today elected Ambassador Dennis Francis from the Republic of Trinidad and Tobago as the President of the 78th session of the General Assembly. UNIFEED

The second Permanent Forum on People of African Descent started Tuesday in New York. The theme of the session is "Realizing the dream: A United Nations Declaration on the promotion, protection and full respect of the human rights of people of African descent". UNIFEED

On World No Tobacco Day, the World Health Organization (WHO) urges governments to stop subsidizing tobacco farming and support more sustainable crops that could feed millions. WHO

At the end of the G7 Summit in Hiroshima, Japan, the UN Secretary-General said his message to world leaders is “clear”, noting that “while the economic picture is uncertain everywhere, rich countries cannot ignore the fact that more than half the world – the vast majority of countries – are suffering through a deep financial crisis.” UNIC TOKYO

As heavy fighting continues, UN humanitarians warned on Friday that more than one million people have now been forced to flee for their lives. UNTV CH

As Malawi still grapples with the devastation caused by Tropical Cyclone Freddy in March, UNICEF warned that at least 573,000 children under five are at risk of suffering from malnutrition. UNICEF