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Four key challenges facing least developed countries - UNCTAD Video
Document Summary:
About 1.1 billion people live in least developed countries (LDCs), which face daunting development challenges.
The LDC group grew from an initial 25 countries in 1971 to a peak of 52 in 1991 and stands at 46 today. Only six countries have managed to graduate from the category.
¡°The vulnerabilities of LDCs have evolved since the UN created the category five decades ago, but they continue to face major obstacles that block their sustainable development,¡± said Paul Akiwumi, UNCTAD¡¯s director for Africa and least developed countries.
These include soaring debt, export marginalization, energy poverty and climate vulnerability.
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