The COVID-19 pandemic exposed how all countries are vulnerable to some degree or another. But also how the extent of that vulnerability, and the capacity of different countries to overcome it, varied drastically.
Publications
Financing for Small Island Developing States (SIDS) remains below the levels needed to advance the Sustainable Development Goals. Concessional flows (official development assistance) directed to SIDS in 2019 was $5,742 million (mn)(OECD, 2021). SIDS receive very little Official Development Assistance (ODA) as a share of total ODA.
Small Island Developing States (SIDS) are being disproportionately and increasingly impacted by the impacts of climate change while their special circumstances make them extremely vulnerable to other external shocks, including the COVID-19 pandemic.
Created over 50 years ago, the Least Developed Country (LDC) category was always meant to be a temporary phase for the countries furthest behind in their development.
The social and economic consequences of the COVID-19 pandemic are being felt deeply, especially in Least Developed Countries (LDCs).
Developing countries still have to regain lost ground from the COVID-19 pandemic. The pandemic has put more countries at risk of debt distress, constrained their fiscal space and hampered economic growth. The war in Ukraine is exacerbating all these challenges.
Over the past decade, international relations have become more multipolar, as seen in the increasing political and economic prominence of countries such as India and China, divergences between large developed countries and regions, and the continued emergence of the Global South.
A new publication, launched the day before adoption of the Doha Programme of Action, explores how increased South-South and triangular cooperation can enhance the delivery of the new compact for the Least Developed Countries (LDCs).
A new publication, launched the day before adoption of the Doha Programme of Action, explores how increased South-South and triangular cooperation can enhance the delivery of the new compact for the Least Developed Countries (LDCs).
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