Least Developed Countries Report 2010: Towards a New by United Nations

By United Nations

At the same time worldwide fiscal progress sped up within the first decade of the millennium, the LDCs remained marginalized on the earth economic climate. The record demands the production of a brand new foreign improvement structure (NIDA) for the LDCs geared toward: a) reversing their marginalization within the worldwide financial system and assisting them of their catch-up efforts; (b) assisting a development of sped up monetary development and diversification to enhance the wellbeing and fitness of all their humans; and (c) assisting them graduate from liquid crystal display prestige. The NIDA for LDCs will be constituted via reforms of the worldwide monetary regimes which without delay impact improvement and poverty relief in LDCs, and during the layout of a brand new iteration of targeted foreign aid mechanisms for the LDCs geared toward addressing their particular structural constraints and vulnerabilities. expanding South-South cooperation, either inside areas and among LDCs and massive, fast-growing constructing nations, can also play a major function

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Additional resources for Least Developed Countries Report 2010: Towards a New International Development Architecture for LDCs (United Nations Conference on Trade and Development)

Sample text

In order to fulfil the development potential of the evolving South-South economic relations, the Report proposes, firstly, the strengthening South-South development cooperation, by intensifying development cooperation activities and projects, sharing knowledge of successful alternative development strategies adopted by ODCs, improving the transparency of South-South development cooperation, and increasing the synergy between North-South and South-South development cooperation; and secondly, deepening regional integration through RTAs in which LDCs participate, through measures taken by RTA partners and supported by large developing countries, developed-country donors and multilateral institutions.

Notably, 2009 saw a substantial increase in assistance from the IMF, the World Bank and regional development The impacts of the crisis have banks, which partly offset the decline in private capital flows. In addition, there was a recovery of international commodity prices during the year, associated varied considerably among mainly with growing demand from large emerging economies, and the focus LDCs according to their of LDC exporters of manufactures on low-end products benefited from the structural characteristics.

20% of GNI); (ii) increasing share of aid for development of productive capacities through more aid for infrastructure and skills, innovative uses of aid, including new approaches to private sector development and PPPs incentivizing FDI in infrastructure development; (iii) supporting better aid management policies in LDCs, in particular through sharing experiences; and (iv) devising innovative sources of funding for LDCs, including in particular SDRs allocation. The design of contingency financing and anti-shock facilities is an important issue for LDCs which is also discussed and taken up further under the commodities pillar.

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