Why is productive capacity central to the sustainable development of least developed countries (LDCs)? How can LDCs, with support from development partners, expand their productive capacity through domestic policies including efforts to build back better from COVID-19? How can the Fifth United Nations Conference on the LDCs (LDC5) contribute to these efforts through the new Programme of Action? These issues were discussed at a side event of the LDC5 Preparatory Committee on “Productive Capacities for the New Decade” held on 26 May 2021. The event was organized by the UN Conference on Trade and Development (UNCTAD), Enhanced Integrated Framework (EIF), UN Committee for Development Policy (CDP) Secretariat and UN Technology Bank for Least Developed Countries. See more information here.