LDC Portal - International Support Measures for Least Developed Countries - Structural transformation

Why is productive capacity central to the sustainable development of least developed countries (LDCs)? How can LDCs, with support from development partners, expand their productive capacity through domestic policies including efforts to build back better from COVID-19? How can the Fifth United Nations Conference on the LDCs (LDC5) contribute to these efforts through the new Programme of Action? These issues were discussed at a side event of the LDC5 Preparatory Committee on “Productive Capacities for the New Decade” held on 26 May 2021. The event was organized by the UN Conference on Trade and Development (UNCTAD), Enhanced Integrated Framework (EIF), UN Committee for Development Policy (CDP) Secretariat and UN Technology Bank for Least Developed Countries. See more information here.

tags:

Committee for Development Policy (CDP)

LDC5

Structural transformation

Technology Bank

UNCTAD

Enhanced Integrated Framework (EIF)

Productive capacity

Side-event at financing for development forum: How can development finance address the vulnerability challenge in LDCs and other vulnerable countries? Improving allocation and supporting structural transformation

MTAVARES1 — Mon, 12 Apr 2021 13:00:00 +0000

Monday, 12 April 2021 - 9:00am

"The COVID-19 crisis urges us to rethink the economic vulnerability of Least Developed Countries (LDCs) and developing countries more generally. The crisis is putting to a test international support measures and in particular their capacity to adequately respond to countries’ needs. LDCs exhibit significant vulnerabilities that can be overlooked by the current mechanisms of financing for development. At the same time, those vulnerabilities contribute to the slow gains in structural transformation and productive capacity. On the road to LDC5, this event will make proposals to bring forward new financing policies that would better address vulnerabilities of LDCs and other vulnerable developing countries by channeling increased assistance to the most vulnerable countries and stimulating their economic activity both for better recovery and sustainable development." More information and registration here.

tags:

Structural transformation