Least Developed Countries 2012 Report was announced in Ankara

01 Dec 2012

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Least Developed Countres 2012 Report, titled "Harnessing Remittances and Diaspora Knowledge to Build Productive Capacities" was announced in Ankara.

New Horizons - The report was announced on 26 November jointly by United Nations Conference on Trade and Development (UNCTAD) and United Nations Information Center (UNIC) Ankara.

The Least Developed Countries Report 2012 provides a comprehensive and authoritative socio-economic analysis of the world's poorest countries.

The report discusses that educated and highly qualified nationals of the world's poorest countries who have left to work elsewhere could counter the "brain drain" effect on their home countries by contributing to knowledge transfer and channelling investment back home.

In the report, it is indicated that the remittances are another important source for LDCs if they can be directed to investment in those countries report says.

However, a policy change by LDCs and their development partners is essential to have success in those efforts.

Importance of Turkey for LDCs

Turkey has emerged as an important development partner of the Least Developed Countries (LDCs).

Turkey hosted a major Ministerial Conference of the Least Developed Countries on "Making globalization work for LDCs" in Istanbul on 9-10 July 2007, a high level panel event, "Trade and Development for African LDCs' Prosperity: Action and Direction", in Izmir on 4-5 March 2008 and The Fourth United Nations Conference on the Least Developed Countries (LDC-IV), in Istanbul, 9-13 May 2011.

Turkey has been emerging as a donor country.

Its contributions, both by public and private sectors and at NGO level, have reached billions of dollars. It is for sure making a difference in the lives of millions across the world.

At the launch, UN Resident Coordinator Shahid Najam said that in today's world across many regions, millions of people take the streets to demand dignity and justice for all and they want human beings to be at the centre of global economic and political systems, a chance for meaningful participation in public affairs, a dignified life and freedom from fear and want.

Najam added that if the world cannot solve the problems of billions who suffer from poverty, diseases and other ills of the world, global peace that we pursue can never be achieved.

On behalf of the Turkish Foreign Ministry Deputy Director General for Multilateral Economic Relations Gokcen Kaya outlined Turkey's assistance to LDCs and Turkey's development partnership with LDCs, and how Turkey follows up on the Istanbul Plan of Action  adopted at the LDC-IV.

After Rolf Traeger , UNCTAD  Economic Affairs Coordinator,  presented the findings and recommendations of the  report; a question and answer session was conducted.

Turkey's former permanent representative to the UN retired Ambassador Ertugrul Apakan also shared his experiences related to Turkey's efforts to help the least developed countries.

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