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The primary objective of the Third LDC Future Forum is to convene policy-makers, researchers, the private sector, and other stakeholders to share concrete innovative solutions and practical policy recommendations aimed at enhancing the resilience of LDCs. This will contribute towards enabling LDCs to manage and adapt to both current and future systemic shocks. Emphasizing gender equality and the participation of women and girls in these discussions will be key to developing holistic and inclusive solutions.
Overview
High-level Dialogue
In this dialogue, high-level speakers will delve into the critical need for financing to enhance the resilience of LDCs against a myriad of challenges. LDCs often grapple with limited domestic resources, hindering their ability to weather economic downturns, natural disasters, and health emergencies. Moreover, accessing international capital markets proves daunting due to low creditworthiness and perceived risks.
Four Thematic Sessions
The sessions cover exploring climate-smart agriculture, integrating sustainable water and energy solutions, promoting circular economy and green industrialization, and enhancing resilience through targeted social protection programs.
Fireside Chat with the Private Sector
The speakers will discuss how can drive the transition towards a circular economy, fostering sustainable development and resilience in LDCs. Speakers could highlight among others, specific strategies their companies are using to transition to a circular economy; initiatives companies have in place to build local capacity and skills in LDCs; how companies are ensuring the sustainability and resilience of its supply chains in LDCs; and, how companies ensure women's participation in sustainability planning within their corporate strategies.
Thematic sessions
Exploring climate-smart agriculture practices to improve food security and ensure sustainable agricultural development
The discussions in this session will draw from the following topics: Effective agricultural adaptation strategies for different climate-related disasters (e.g., droughts, floods, cyclones) in various agro-ecological zones; Leveraging emerging technologies to enhance climate resilience in LDC agrifood systems and improve disaster predictions and early warnings; Improving dietary diversity and nutritional status in vulnerable populations, in particular children addressing long-term effects of climate variability on; Overcoming barriers to adopting crop and livestock insurance schemes in LDCs and how to overcome them; and, Best practices and innovative materials for designing infrastructure that withstands multiple types of climate-related disasters; Cost-benefit analyses of investing in resilient infrastructure versus the costs of disaster recovery and reconstruction and; what could incentivize the private sector to invest more in agriculture, including, enhancing women’s empowerment.
Photo: Asian Development Bank
Discussing strategies for enhancing resilience by integrating sustainable water and energy solutions
The discussions in this session will draw from the following topics: enhancing resilience to climate risk with an optimal energy mix, including decentralized systems; the role of sustainable energy in enhancing resilience, such as through irrigation and clean cooking; best practices for designing and implementing microgrid systems in rural and remote areas; scaling off-grid renewable energy solutions sustainably in LDCs; Strategies to enhance Foreign Direct Investment (FDI) in the energy sector; incentivizing the private sector to invest more in energy; innovative water management techniques to mitigate droughts and water shortages; and, support needed for LDCs to achieve clean and resilient energy transitions and access to safe water. Emphasizing the role of women in managing these resources and incorporating gender-sensitive approaches will enhance the effectiveness of these solutions.
Investigating innovative approaches to circular economy and green industrialization to promote diversification and resilience
The discussions in this session will draw from the following topics: restructuring supply chains to support circular economy models in LDCs; identifying emerging technologies with the greatest potential to drive circular economy and green industrialization; promoting innovation and technology transfer to facilitate sustainable industrial practices and decrease reliance on commodity exports; assessing how the integration of trade, industrial policies, and technology drive sustainable economic growth and resilience in LDCs and strengthening educational institutions in LDCs to provide relevant training and research in sustainable industrial practices.
Photo: UNICEF/UN0438181/Ramasomanana
Examining methods for strengthening resilience to multiple shocks through targeted social protection programs
The discussions in this session will draw from the following topics: identifying best practices for implementing adaptive social protection systems that can quickly respond to different types of shocks; exploring innovative financing mechanisms to ensure the sustainability of social protection programs in the face of multiple shocks; and, extracting key lessons learned from recent crises (e.g., COVID-19) in terms of social protection response and resilience.