LDC

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LDC

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Less Developed Country

A country with lower GDP relative to other countries. Less developed countries are characterized by little industry and sometimes a comparatively high dependence on foreign aid. Less developed countries often undertake programs of development, with greater or lesser interventions on the part of the national governments. They are major borrowers from organizations such as the World Bank. While no strict definition of which countries are less developed exists, most countries that do not belong to the OECD are considered less developed. See also: International development.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

LDC

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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On a positive note, most LDCs have used government borrowing to finance public
Muhith said though Bangladesh will officially remain as a LDC until 2024 in the United Nations list, it will be regarded as a developing country globally.
The scale of the challenge facing LDCs means that multi-stakeholder partnerships and investment pro- motion, as well as innovative financing solutions for industrial development, are needed.
Strengthening institutional and enterprise capacities lies at the heart of this area of work, as well as supporting LDCs at the upstream level of policy and institutional frameworks to mobilise greater investment and increased transparency in management for energy infrastructure.
This agreement also provides for special and differential treatment to the LDCS. In addition, there is enormous scope for cross-border trade in electricity, with hydro-power supplies from Nepal and Bhutan.
The meeting adopted a Political Declaration, in which participants highlighted how LDCs have experienced some recent progress in areas including reduced child and maternal mortality rates, gender parity in education and parliaments, as well as access to the internet and mobile networks.
The ability of these states to acquire and strengthen expertise in producing generics is particularly important given the fact that LDCs may not always be able to import cheap medicines from important suppliers such as Indian manufacturers.
The Fourth United Nations Conference on the Least Developed Countries (LDC-IV) in Turkey in 2011 adopted the Istanbul Programme of Action (IPoA) for the LDCs. It stated that gLeast developed countries represent an enormous human and natural resource potential for world economic growth, welfare, prosperity and food and energy security.
LDCs need heavy infusions of FDI, capable of imparting technological and managerial know how, as well as capital, to compensate for inadequacies in internally generated savings.
The LDC paradox arises from the failure of LDCs to achieve changes despite having grown strongly as a result of strong export prices and rising aid flows, the report said.
It is estimated that 850 million people (approximately 12 percent of the world's population) live in forty eight countries designated by the United Nations as Least Developed Country (LDCs).