The Committee for Development Policy is mandated by the General Assembly and the Economic and Social Council to monitor the development progress of graduating and graduated Least Developed Countries (LDCs), and to report its findings in its annual report to the Council. The lastet monitoring by the Committee took place at its 17th plenary session in March 2015. The Committee reviewed the development progress of graduated countries Maldives and Samoa, and of graduating countries Equatorial Guinea and Vanuatu.
Maldives (graduated in 2011) and Samoa (graduated in 2014) continued to achieve steady development progress, as indicated by continued progress in the countries’ gross national income (GNI) per capita and human asset index (HAI) levels. However, both remain vulnerable to economic and environmental shocks. Vanuatu also showed continued progress since last monitored by the Committee in March 2014. However, the Committee remarked with concern that the sustainability of such progress is now being questioned due the negative impacts of cyclone Pam that hit the country Vanuatu in March 2015. In the case of Equatorial Guinea, the Committee noted once again the sharp imbalance between the level of income per capita and level of human assets in the country as well as the persistent heavy dependence on the oil sector.
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