LDCs in an "Accord for a Healthier World"

MTAVARES1 — Thu, 26 May 2022 13:00:00 +0000

26 May 2022. Pharmaceutical company Pfizer has launched an initiative called "An Accord for a Healthier World" whereby it has committed to provide its patent-protected medicines and vaccines available in the United States or European Union on a not-for-profit basis to 45 countries of the world's poorest countries and work with local officials to ensure regulatory, infrastructure, capacity and other aspects are addressed to ensure these products to reach those most in need . Thirty-eight of the 46 LDCs are considered in the accord, along with seven other countries that are not LDCs. Rwanda, Ghana, Malawi, Senegal and Uganda are the first five countries to commit to join the Accord.

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High-Level Leaders Dialogue: Green and Climate Resilience Bonds – Scaling up Access to Affordable Finance in Developing Countries, notably in LDCs

MTAVARES1 — Tue, 26 Apr 2022 12:00:00 +0000

Tuesday, 26 April 2022 - 8:00am

Reports from the Inter-Agency Task Force on Financing for Development and the Intergovernmental Panel on Climate Change raise the alarm bells on a lost decade for sustainable development and a shrinking window of opportunity to address the devastating impacts of climate change. Transitioning to a green, climate resilient global economy will require the mobilization of unprecedented capital. However, developing countries, notably LDCs and African countries, continue to have the lowest access to affordable finance. Improving developing countries’ capacity to leverage the potential of green and climate-resilient bonds could be a game-changer for financing nationally determined contributions (NDCs) and national adaptation plans (NAPs). However, green bonds still represent only a fraction of total bonds issued globally and only a small number of developing countries are accessing such market, notably in Africa, where in 2020, Africa still only accounted for 0.003% of total green bond issuance.

Building on UNCDF’s Sovereign Borrowers Conference held during the 2021 General Assembly, the Government of Malawi and Chair of the LDC Group, with UNCDF, UNDP and the GCF will bring together global leaders to highlight the actions needed for developing countries, particularly LDCs, to leverage debt markets to increase their access to affordable finance for climate action. Outcomes will contribute to “Our Common Agenda” and the Doha Programme of Action for LDCs.

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Malawi

UNCDF

UNDP

Climate change

Finance

Green Climate Fund

LDC Portal - International Support Measures for Least Developed Countries - Malawi

LDCs in an "Accord for a Healthier World"

High-Level Leaders Dialogue: Green and Climate Resilience Bonds – Scaling up Access to Affordable Finance in Developing Countries, notably in LDCs