National Consultation on Nepal’s Graduation from the LDC Category, Implementation of IPoA and SDGs Held

National Consultation on Nepal’s Graduation from the LDC Category, Implementation of IPoA and SDGs Held


About LDCs

About the Least Developed Countries

The Least Developed Countries represent the poorest and weakest segment of the international community. They comprise more than 880 million people (about 12 per cent of world population) but account for less than 2 percent of world GDP and about 1 percent of global trade in goods

Their low level of socio-economic development is characterised by weak human and institutional capacities, low and unequally distributed income and scarcity of domestic financial resources. They often suffer from governance crisis, political instability and, in some cases, internal and external conflicts. Their largely agrarian economies are affected by a vicious cycle of low productivity and low investment. They rely on the export of few primary commodities as a major source of export and fiscal earnings, which makes them highly vulnerable to external terms-of-trade shocks. Only a handful has been able to diversify into the manufacturing sector, though with a limited range of products in labour-intensive industries, i.e. textiles and clothing. These constraints are responsible for insufficient domestic resource mobilisation, low economic management capacity, weaknesses in programme design and implementation, chronic external deficits, high debt burdens and heavy dependence on external financing that have kept LDCs in a poverty trap.  

The category of LDCs was officially established in 1971 by the UN General Assembly with a view to attracting special international support for the most vulnerable and disadvantaged members of the UN family.

The current list of LDCs includes 48 countries; 34 in Africa, 13 in Asia and the Pacific and one in Latin America. Cape Verde, Maldives and Samoa graduated from the list in 2007, 2011 and 2014 respectively.

Source: http://unohrlls.org

Announcements

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SAVE-THE-DATES: CSO Forum at LDC5, 22-27 January 2022, Doha, QatarThe Fifth United Nations Conference on the Least Developed Countries (LDC5) will take place in Doha, Qatar, from 23 to 27 January 2022, at the level of Heads...
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UNOHRLLS is organising a Voices of a Brighter Future journalists competition to bring local sustainable energy stories from least developed countries to a global audience.The competition is looking for inspiring stories on how sustainable ...
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(13 September 2017): LDC Watch, the umbrella group representing NGOs from Least Developed Countries, is holding a working session on ‘Inclusive Global Trade System In The Face of Changing Trade Landscape’ at the WTO Public Forum. It is ‘Work...
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LDC Watch is implementing the project, 'Strengthening LDC Civil Society Voice in the context of IPoA for 2011 - 2020, funded by Bread for the World. We are seeking services of a competent Evaluator/Evaluation Agency to conduct an evaluation of the...
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On behalf of the Board and the International Secretariat of LDC Watch, I am pleased to welcome Mr. Gauri Pradhan as its International Coordinator. Mr. Pradhan is a human rights defender and development activist, who has served as a member of Nepal...
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Dear friends,Here's the final sign-on statement statement for TOTAL AND UNCONDITIONAL CANCELLATION OF NEPAL'S DEBT which we have initiated through our network m...
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International Secretariat

LDC Watch

P.O.Box: 8130, 288 Gairidhara Marg, Gairidhara

Kathmandu, Nepal

Tel: +977 1 4004507, 4004985, 4004976

Fax: +977 1 4004508

E-mail: ldcwatch@ldcwatch.org

Web: www.ldcwatch.org

 

 

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Tel: +322 231 1659

Fax: +322 230 3780

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