World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search


Least developed countries review economic progress

Least developed countries meet to prepare for a review of economic progress

Nearly 80 representatives from Africa’s 34 Least Developed Countries (LDCs) are attending a regional meeting in Ethiopia’s capital, Addis Ababa, to prepare for a global mid-term review of their 10-year poverty reduction programme.

The year 2006 was a crucial point for that programme, the UN Envoy for LDCs, Anwarul K. Chowdhury noted. “We are midway through its 10-year timeframe and now have the challenge to review and reflect,” he said at the opening ceremony of the two-day preparatory conference to review the 2001 Brussels Programme of Action for the decade 2001-2010.

Mr. Chowdhury pointed out that between 2001 and 2005 general macroeconomic conditions have improved in most African LDCs, with significant growth spurts in those that are exporters, of oil in particular. In addition, governance had improved in many countries in recent years.

However, landlocked African LDCs continue to face particular challenges in terms of infrastructure and access to markets, and conflict continues to fuel poverty in a number of States. Dependency on primary commodities remains a challenge to be overcome by most of Africa’s LDCs, he added.

Also speaking at the opening session was Abdoulie Janneh, Executive Secretary of the Economic Commission for Africa and the Executive Secretary of the UN Economic and Social Commission for Asia and the Pacific (ESCAP), Kim Hak-Su.

The Brussels Programme of Action outlines measures to be taken by both industrialized nations and the LDCs themselves to reduce poverty and achieve sustainable development.

The programme includes specific commitments on good governance, enhancing the role of trade in development, reducing vulnerability to natural disasters, protecting the environment, mobilizing financial resources, and speedy implementation of steps to reduce the debt burden on poor countries.

© Scoop Media

World Headlines


Ramzy Baroud: Year in Review Will 2018 Usher in a New Palestinian Strategy

2017 will be remembered as the year that the so-called ‘peace process’, at least in its American formulation, has ended. And with its demise, a political framework that has served as the foundation for US foreign policy in the Middle East has also collapsed. More>>


North Korea: NZ Denounces Missile Test

Foreign Affairs Minister Winston Peters has denounced North Korea’s latest ballistic missile test. The test, which took place this morning, is North Korea’s third test flight of an inter-continental ballistic missile. More>>


Campbell On: the US demonising of Iran

Satan may not exist, but the Evil One has always been a handy tool for priests and politicians alike.

Currently, Iran is the latest bogey conjured up by Washington to (a) justify its foreign policy interventions and (b) distract attention from its foreign policy failures.

Once upon a time, the Soviet Union was the nightmare threat for the entire Cold War era – and since then the US has cast the Taliban, al Qaeda, and Islamic State in the same demonic role. Iran is now the latest example…More

Catalan Independence:
Pro-independence parties appear to have a narrow majority. More>>