Aid spending by the world's richest states hovered around an all-time high last year, but development assistance to the least-developed countries (LDCs) fell by 16% from the year before, the Organisation for Economic Cooperation and Development OECDD) has said.
"The share of total development assistance invested in the poorest countries is at its lowest level since 2005, when world leaders gathered in Gleneagles and made historic pledges to end extreme poverty," said Adrian Lovett, the ONE campaign's Europe director, who urged donors to send at least 50% of their aid to LDCs.
The preponderance of the WTO's 148 members rank as medium- to low-income developing countries, and include 31 of the 48 countries classified by the World Bank as least developed countries (LDCs).
Farming still looms large in the world's least-developed countries (LDCs).
LDCs are the poorest and most economically vulnerable of all developing countries; there are currently 50 in the world, and their income per person is $750 or less.
DESPITE the effects of the global financial crisis, remittances to the world's 48 least developed countries (LDCs) have continued rising, reaching $27 billion in 2011, according to the United Nations Conference on Trade and Development.
Twelve of the 34 Sub-Saharan LDCs were in the very-high-growth group; none of the Francophone African LDCs make it into this high-growth group, partly reflecting the linking of the CFA franc to an appreciating euro.No scope for donor savingsHowever, more rapid growth should be seen in context: it certainly does not mean that many African states are about to graduate out of LDC status.
The island states and the Least Developed Countries (LDCs) squared off against India and forced the agreement: they face all the catastrophic results of climate change (desertification, submersion) with no promise of fossil-fuel-driven development.
But serious people are ascribing only slightly less silly views to free-trade enthusiasts such as ourselves, so we should perhaps make it clear that we don't think cutting tariffs will solve everything.This week, the UN Conference on Trade and Development UNCTADD) released a new report on the world's least developed countries (LDCs).
UNCTAD is concerned with the world's 49 least developed countries (LDCs).
The boom in mobile telephony has helped the world's least developed countries (LDCs) above the important threshold of one telephone subscriber per 100 inhabitants.
