Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:

Archive:

  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

5 things you need to know about the world's least developed countries

Published by APO Africa Newsroom on Sat, 04 Mar 2023


Three years after the world began to shut down as COVID-19 took hold, the UN and other partners will gather in Doha, Qatar, to deliver a historic new compact to support the countries whose vulnerabilities the pandemic most exposed.The conference of Least Developed Countries or LDCs takes place every 10 years and this years meeting from 5 to 9 March 2023, known asLDC5, will focus on returning the needs of the 46 designated countries to the top of the global agenda and supporting them as they strive to get back on track to sustainable development.1. What is a Least Developed Country'The Least Developed Countries (LDCs) are countries listed by the United Nations that exhibit the lowest indicators of socioeconomic development across a range of indexes. All LDCs have a gross national per capita income (GNI) of below USD$1,018; compare that to almost $71,000 in the United States, $44,000 in France, $9,900 in Turkey and $6,530 in South Africa according todata from World Bank.These countries also have low scores on the indicators for nutrition, health, school enrolment and literacy and high scores for economic and environmental vulnerability, which measures factors such as remoteness, dependence on agriculture and exposure to natural disasters.There are currently 46 LDCs, the vast majority of which are in Africa [see box below]. The list is reviewed every three years by the UN Economic and Social Council. Six countries have graduated from LDC status between 1994 and 2020.2. What are the challenges facing the least developed countries'Today, the 46 LDCs are home to some 1.1 billion people, thats 14 per cent of the world's population, and more than 75 per cent of those people still live in poverty.More than other countries, LDCs are at risk of deepening poverty and remaining in a situation of underdevelopment. They are also vulnerable to external economic shocks, natural and man-made disasters, communicable diseases and crucially climate change.Currently, the planet is on course to warm by about 2.7C this century, which would devastate LDCs. These countries have contributed the least to carbon emissions, and yet face some of the highest risks from climate change.Meanwhile, LDCs are among those most affected byCOVID-19; all but eight experienced negative growth rates in 2020 and the pandemic fall-out is predicted to last longer than in richer countries.Debt is a major problem for all LDCs: four are classified as in debt distress (Mozambique, Sao Tome and Principe, Somalia and Sudan) and 16 LDCs are at high risk of debt distress.As such, LDCs require the highest level of attention from the international community.3. How can the United Nations and the international community help LDCs'The UN system's efforts to reverse the increasing marginalisation of LDCs in the global economy and to put them on a path to sustainable growth and development date back to the 1960s.Since then, the UN has paid special attention to LDCs, recognising them as the most vulnerable in the international community and granting them certain benefits including:Development financing:notably grants and loans from donors and financial institutions.Multilateral trading system: such as preferential market access and special treatments.Technical assistance:notably, towards supporting trade.The first LDC conference was held in Paris, France in 1981 and LDC5, marking the 50thanniversary was due to be held in March 2022, but was postponed to this year due to COVID.4. What is the Doha Programme of Action'The Doha Programme of Action (or DPoA, for acronym lovers!) is the development road map for LDCs agreed in March 2022.It includes six key focus areas:Eradicating poverty and building capacity.Leveraging the power of science, technology, and innovation to fight vulnerabilities and to achieve the SDGs.Supporting structural transformation as a driver of prosperity.Enhancing international trade of LDCs and regional integration.Addressing climate change, environmental degradation, recovering from COVID-19 pandemic and building resilience against future shocks.Mobilizing international solidarity and reinvigorating global partnerships.The full implementation of the DPoA will help LDCs to address the COVID-19 pandemic and the resulting negative socio-economic impacts and enable them to get back on track to achieve the SDGs including addressing climate change.The full text of the Doha Programme of Action is availableherein the 6 UN official languages.5. What can we expect from LDC5'The UN, LDCs, Heads of State and Government, development partners, the private sector, civil society, parliamentarians, and youth will come together to agree partnerships, commitments, innovations and plans in an effort to reach the SDGs.The UN Secretary-General is due to address the conference and has already highlighted the importance of supporting LDCs.The Doha Programme of Action reminds us that global recovery depends on LDCs getting the support they need. They need bold investments in health, education and social protection systemsall the resources required to fully implement Agenda 2030 and theSustainable Development Goals.As LDCs take the first step towards those goals, they will meet certain targets which will enable themto graduatefrom the least developed country status.Six countries have gone through this process: Botswana (in 1994), Cape Verde (2007), Maldives (2011), Samoa (2014), Equatorial Guinea (2017), and Vanuatu (2020).List of Least Developed Countries:The following46countrieswere listed as LDCs by the UN as of March 2023:Africa(33): Angola, Benin, Burkina Faso, Burundi, Central African Republic, Chad, Comoros, Democratic Republic of the Congo, Djibouti, Eritrea, Ethiopia, Gambia, Guinea, Guinea-Bissau, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mozambique, Niger, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Tanzania, Togo, Uganda, and ZambiaAsia(9): Afghanistan, Bangladesh, Bhutan, Cambodia, Lao People's Democratic Republic, Myanmar, Nepal, Timor-Leste and YemenCaribbean(1): HaitiPacific(3): Kiribati, Solomon Islands and TuvalDistributed by APO Group on behalf of UN News.Media filesDownload logo
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Daily News 24  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Softfootball  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Nigerian Tenders  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs