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.
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.
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