Ten year programme to save LDCs from poverty

13 May 2011

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International community came to an agreement on a ten-year programme which is designed to save the poorest countries of the world from poverty in the Fourth United Nations (UN) Conference on the Least Developed Countries (LDCs), ended today.

Istanbul
- 33 out of 48 countries which are listed as the least developed countries by the UN are in Sub-Saharan Africa and 14 of them are in Asia-Pacific region. Along with Haiti the total becomes 48.

The LDCs are defined as countries which have GDP per capita less than 745 USD with weak human capital and high economic vulnerability.

The Conference on the LDCs aims to provide special support to development efforts of these countries.

The programme set out in Istanbul, foresees halving the number of least developed countries to 24 during the next decade through a rise in aid, favorable market access for all LDCs and building up their productive capacity.

The world's 48 poorest countries have 800 million people, with half of them existing in conditions of extreme poverty.

The 49-page Istanbul action programme sets out recommendations for rich and poor countries covering climate change, aid, health and foreign direct investment.

Monitoring system

The Minister of Foreign Affairs, Mr. Ahmet Davutoğlu, who yielded a speech in the press conference, held at the closing ceremony, stated that one of the most important components of the Istanbul action programme was better monitoring developments in the LDCs.

Davutoğlu also said, Turkey would again host the mid-term evaluation meeting, suggested to be held in 2015.

Deputy Secretary General for the LDCs, Cheick Sidi Diarra, listed Samoa, Tuvalu, Vanuatu, Equatorial Guinea, Angola and East Timor as countries which have potential of being eliminated from the LDC status

Besides, he told countries such as Diarra, Bangladesh and Nepal are on the right track and it is expected these countries to advance their categories during implementation of the action programme.

Development Aid

Diarra stated that the LDCs achieve 6,2 percent economic growth but this growth didn't effect to share of employment and prosperity.

Cheick Sidi Diarra said that in 2008 official development assistance reached 38 billion dolar and this development assistance can reach 80 billion dolar.

Diarra expressed that the success of LDCs in the future is related with trade, production and direct foreign investment rather than official development assistance.

Diarra told that in the future process they will arrange annual ministers review meeting and cooperation development forum biennially.

Diarra told that in the future process they will arrange annual ministers review meeting and cooperation development forum biennially.

Foreign Affairs Minister Ahmet Davutoğlu, High Representative for The Least Developed Countries Under Secretary General Cheick Sidi Diarra, the Head of Intergovernmental Preparatory Committee and Finland United Nations Permanent Representative Jarmo Viinamen, Nepal Vice Prime Minister and Foreign Affairs Minister and the Head of Global Least Developed Countries Coordination Office Upendra Yadav also attended press briefing in the closing part of the conference.