The crippling cost of debt financing for many developing countries has hamstrung their recovery from the COVID-19 pandemic, forced cutbacks in development spending, and constrained their ability to respond to further shocks, according to a new report launched by the United Nations today.
News Box 3
27 October 2020
NEW YORK 27 October 2020 – COVID-19 is impacting the world’s Least Developed Countries (LDCs) in unprecedented, profound and disproportionate ways. This is why these countries, often unable to afford comprehensive response plans, need more international support.
22 October 2020
NEW YORK 20 and 21 October 2020 – Island leaders expressed concern about the widespread impacts of the COVID-19 pandemic on small island developing States (SIDS) in a joint roundtable organized by Belize, Fiji and the United Kingdom.
12 October 2020
NEW YORK 12 October 2020 – The Istanbul Programme of Action for the Least Developed Countries (LDCs) set an ambitious goal to see half of the LDCs graduate from the category during its period of implementation of 2011-2020. Though that target has not