LDCs' Access to Finance - Missing Links and Ways Forward

The UN Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS), along with co-sponsors Canada, Nepal, and Lesotho, invite you to attend their side-event on the margins of the High Level Political Forum.

Description

Despite the trend towards more financing through multilateral platforms, Least Developed Countries (LDCs) still face myriad challenges to accessing sufficient resources to achieve their sustainable development and climate objectives. With support from Canada, UN OHRLLS conducted a study in late 2022/early 2023 that directly engaged with LDC finance and planning ministries to better understand and synthesize their experience in accessing traditional loans and grants, as well as climate finance, to advance national projects and programs. This event will present the findings of the study and a high-level panel will discuss the recommendations and ways forward.

Objectives

• Reinforce the importance of the Doha Programme of Action and of the role of partnerships for sustainable development.
• Share experiences, lessons learned and best practices on increasing access to public and private financing for LDCs.
• Disseminate the findings of the report on Access to Finance and discuss recommendations for LDCs.
• Identify challenges and opportunities for LDCs following LDC-5 and moving towards September’s SDG Summit.

Documents

• Event flyer

Moderator

Dr. Drew Smith, Director General of International Assistance Policy, Global Affairs Canada

Speakers

• Ms. Rabab Fatima, Under Secretary General, UN-OHRLLS
• Anita Vandenbeld, Parliamentary Secretary to the Minister of International Development, Canada
• H.E. Matete ‘Nena, Permanent Representative of the Kingdom of Lesotho to the UN
• Professor Adnan Khan, Chief Economist and Director for Economics and Evaluation Directorate in the Foreign, Commonwealth & Development Office, UK
• Ms. Prathma Uprety, Chargé d’Affaires of the Permanent Mission of Nepal to the UN
• Dr. Arjun Karki, LDC Watch
• Ms. Laetitia De Marez, Program Director, Rocky Mountain Institute
• Ms. Neelam Patel, Senior Investment Officer, International Finance Corporation

View the report on Improving Access to Finance for the Least Developed Countries

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