Report on the outcome of the 23rd session of the CDP Plenary

While least developed countries have up to now successful to limit direct health impacts of the COVID-19 pandemic, the socio-economic fallout has been extremely hard.

Prof. Ocampo took part in the session that discussed ways to strengthen cooperation of existing forums and advance policy options to address illicit financial flows

Elevated inequalities place countries in a more vulnerable position to confront the pandemic. Going forward, fighting inequality will be crucial for reducing vulnerability to health and other emergencies and for enhancing the resilience of societies.

COVID-19 is certainly a reminder about the importance of multilateralism, of collective action and community. We’re in this together.

Bangladesh, Lao PDR and Nepal recommended for graduation from the list of LDCs

The jump in deposits in 2020 can largely be attributed to the temporarily increased savings of the non-financial businesses and households amid limited spending and investment opportunities and to strong liquidity preferences and high risk-aversion during the crisis.

UN General Assembly grants Angola three-year extension before graduating from the LDC category

The pandemic has exposed systemic vulnerabilities of the world economy. A robust and resilient recovery will require strengthening public finances and improving debt sustainability, combating inequality and expanding social protection, and promoting climate action and environmental sustainability.