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SIPRI’s research on arms and military spending has been the core of the Institute s work since its foundation in the 1960s. Credit: Stockholm International Peace Research Institute (SIPRI) UNITED NATIONS, Apr 26 2021 (IPS) - The United Nations– which is desperately seeking funds to help developing nations battling a staggering array of socio-economic problems, including extreme poverty, hunger, economic inequalities and environmental hazards– has continued to be one of the strongest advocates of disarmament. The world body has relentlessly campaigned for reduced military spending in an attempt to help divert some of these resources into sustainable development and humanitarian assistance. But according to a new report released April 26 by the Stockholm International Peace Research Institute (SIPRI), world military expenditure rose to nearly $2 trillion in 2020, an increase of 2.6 percent, in real terms, from 2019.

United statesUnited kingdomSouth koreaNataliej goldringAntonio guterresWilliamd hartungAlexandra marksteinerGlobal affairs at new york universitySecurity programInternational peace bureauUn office for disarmament affairsUnited nationsStockholm international peace research instituteSecurity studies programExpenditure programmeAcronym institute