The 49 poorest countries in the world are likely to lag behind others in their economic recovery after the global economic and financial crisis, warned a United Nation (UN) official.
In a speech made on March 31, the Under Secretary General Cheick Sidi Diarra said the countries may be going to suffer from various negative impacts caused by the economic crisis for decades to come.
The official reckoned that some economic achievements these countries made in 2008 and 2009 would be reversed if the international community did not implement their commitments in the Brussels Action Plan, reached at the UN Conference on Less Developed Countries (LDCs) in 2001.
The developed countries’ total official development assistance (ODA) earmarked for LDCs has so far been much lower than their commitments.
According to the UN statistics, the number of LDCs has doubled since 1971 to 49, including 33 countries in Africa, 15 countries in Asia and the Pacific and one in Latin America .
Sarah Cliffe, the World Bank’s Director of Strategy and Operations for East Asia and the Pacific region, stressed that it is essential for the international community to help LDCs manage their economies effectively and raise their capacity to achieve their long-term objectives./.
In a speech made on March 31, the Under Secretary General Cheick Sidi Diarra said the countries may be going to suffer from various negative impacts caused by the economic crisis for decades to come.
The official reckoned that some economic achievements these countries made in 2008 and 2009 would be reversed if the international community did not implement their commitments in the Brussels Action Plan, reached at the UN Conference on Less Developed Countries (LDCs) in 2001.
The developed countries’ total official development assistance (ODA) earmarked for LDCs has so far been much lower than their commitments.
According to the UN statistics, the number of LDCs has doubled since 1971 to 49, including 33 countries in Africa, 15 countries in Asia and the Pacific and one in Latin America .
Sarah Cliffe, the World Bank’s Director of Strategy and Operations for East Asia and the Pacific region, stressed that it is essential for the international community to help LDCs manage their economies effectively and raise their capacity to achieve their long-term objectives./.
