COVID-19 and beyond: What Role for LDCs?

Reducing poverty and improving equity
Posted Nov 22, 2020 | UNCTAD, Paul Akiwumi

Although the Istanbul Programme of Action (IPoA) signed in 2011 sought to double the share of LDCs in global trade, a target reiterated in the UN Sustainable Development Goals (SDGs) in 2015, LDCs have accounted for only one percent of world trade since 2008. Paul Akiwumi suggests in this UNCTAD report that an estimated 1.06-billion people live in the world’s 47 LDCs, and by 2030 they will house over 15 percent of humanity. LDCs have so far been spared the worst effects of the health emergency, yet the fallout from COVID-19 has taken its toll on their economic performance. With a steadily rising young populations, new and good jobs must be created quickly, especially in high-productivity sectors, requiring targeted investments in education and skills training.



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