Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States - Vulnerability

Tackling Vulnerability on the Road to LDC5

Anonymous — Tue, 27 Oct 2020 18:42:00 +0000

uganda_ilo_asin_nsubuga_ilo_rudmec.jpg

Buyers and sellers practice social distance during the COVID-19 pandemic in a Ugandan marketplace.

Yasin Nsubuga ILO / RUDMEC

NEW YORK 27 October 2020 – COVID-19 is impacting the world’s Least Developed Countries (LDCs) in unprecedented, profound and disproportionate ways. This is why these countries, often unable to afford comprehensive response plans, need more international support.

So what does COVID-19 mean for the most vulnerable countries and the support they need from the international community?

That was the over-riding question at a two-part high-level forum organised by OHRLLS, the OECD Development Centre and FERDI on October 21 and 23.

At the meeting, representatives from governments, multilateral institutions and civil society urged the international community to rethink the economic vulnerability of the Least Developed Countries (LDCs), and of developing countries more generally.

Fekitamoeloa Katoa ‘Utoikamanu, High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States, issued a stark warning to those present at the meeting and the international community at large: “The very credibility of the multilateral system is at stake.”

She explained: “LDCs are the most vulnerable with least access to resources. The LDCs’ structural vulnerabilities are visible to all of us and there is absolute urgency to build resilience and redouble efforts towards achieving the SDGs.”

Vulnerability is one of the main criteria for including in the LDC category in the first instance. It is measured by the economic and environmental vulnerability index (EVI), which captures a country’s structural vulnerability to economic and environmental shocks.

However, growing concerns on exposure to international shocks, and the compounding of several risks, make it necessary to rethink how we think of national and individual vulnerability and how we help the LDCs address it.

Prof. Patrick Guillamont, President of FERDI, highlighted that the vulnerability of LDCs is largely due to structural handicaps beyond their control. It is due to these vulnerabilities, he said, that LDCs have been especially severely affected by COVID-19 in all sectors of their economies. He stressed that reducing vulnerability is the key to managing all shocks, from economic to climate-related.

Speaking about the importance of “people-centric” approaches to tackling vulnerability, Director General of the Qatar Fund for Development, HE Khalifa Jassim Al-Kuwari told the meeting that “The local community has the knowledge, understands the challenges faced and knows which of them are the most pressing.”

Any global recovery will depend on how the weakest economies and health systems can cope with the pandemic. While developed countries have taken large-scale action to deliver broad stimulus packages and protective measures, many of the most vulnerable countries do not have the means, or are too deep in debt, to do the same.

HE Abila Musleh, Deputy Minister, Ministry of Women Affairs in Afghanistan talked about the financial challenges that her country has faced since the pandemic broke out.

“Beyond the very serious human cost and economic downturn, COVID has created a large fiscal hole,” she said, adding that while “donors have responded with some $1.5bn in quick response aid, but only a small portion represents new money.”

HE Angel Gurría, Secretary-General of the Organisation for Economic Cooperation and Development (OECD), said that the international community must “reinvigorate and reform international co-operation" to better respond to the emerging challenges.

Calling a more robust approach to the measurement and assessment of vulnerability in development responses, he called for the international community to focus on placing multidimensional vulnerabilities, resilience and the provision of global public goods at the core of the system.”

Front Page Article:

The Road to the 5th �山��Conference on the Least Developed Countries (LDC5)

Anonymous — Wed, 21 Oct 2020 17:21:00 +0000

Wednesday, 21 October 2020 - 9:00am to Friday, 23 October 2020 - 10:30pm

As preparations get underway for the 5th �山��Conference on the Least Developed Countries (LDC5), OHRLLS is co-organising a high-level event to explore the impacts of COVID-19 on development in the LDCs.

The event was co-organised with the OECD Development Centre and the Foundation for studies and Research on International Development (FERDI). The summary of the event can be found here.

Aimed at tackling vulnerabilities and leveraging scarce resources to help LDCs in their recovery from COVID-19, the event was split into two sessions on October 21 and 23.

Speakers included:

Ángel GURRÍA, Secretary-General, Organisation for economic co-operation and development (OECD)
Right Honorable Patricia SCOTLAND, Secretary-General of the Commonwealth
Fekitamoeloa Katoa ‘UTOIKAMANU, �山��High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States
Ambassador Perks LIGOYA, Permanent Representative of Malawi to the �山��in NY and Chair of the LDC group

The agenda is here.

First session: 21 October 2020, 09:00 – 10:30 (EST)

What does COVID-19 mean for LDC’s vulnerabilities and support measures?

The COVID-19 crisis is rolling back years of development progress. It urges us to rethink the economic vulnerability of the Least Developed Countries (LDCs), and of developing countries more generally. Vulnerability, one of the main criteria for including countries into the LDC list, has been measured by the economic and environmental vulnerability index (EVI), which captures the country’ structural vulnerability to economic and environmental shocks. However, growing concerns on exposure to international shocks, and the compounding of several risks, make it necessary to rethink how we measure vulnerabilities and how we help the LDCs address them. The first panel will take stock of this debate to inform the preparations of the Fifth �山��Conference on the LDCs (LDC5), to be held in Doha, Qatar in January 2022.

To register for this session click here.

Second session: 23 October 2020, 09:00 – 10:30 (EST)

Financing the recovery in LDCs: what role for international co-operation?

In his latest report on the implementation of the Istanbul Programme of Action (IPoA), which came out at the very outset of the COVID-19 pandemic, the �山��Secretary-General had already stressed the uneven progress of LDCs, and the need to better support them beyond graduation point. Declining foreign direct investment, persistently low shares in world exports, slow gains in structural transformation and productive capacity, continued dependence on commodities and a worsening of undernourishment in the LDCs were all matters of concern on the eve of the major 2020 global economic crisis. This second panel will discuss options for improving the mobilisation of global finance, its alignment with, and its impact on the recovery and sustainable development of LDCs.

To register for this session click here.

NEWS

Tackling Vulnerability on the Road to LDC5

The event was co-organised by UNOHRLLS, FERDI and OECD Development Centre will take place in the framework of the LDC IV Monitor, a consortium which also includes the Commonwealth Secretariat, the Overseas Development Institute (ODI), and the Centre for Policy Dialogue (CPD, Bangladesh), in collaboration with the Southern Voice network of think tanks, the Organisation Internationale de la Francophonie (OIF), The Enhanced Integrated Framework (EIF) and the United Nations University World Institute for Development Economics Research (UNU-WIDER).

tags:

Least Developed Countries

OECD Development Centre

FERDI

Istanbul Programme of Action

Vulnerability

Economic Aftershocks

Structural Economic Transformation

Categories:

Events

LDCs

Statement at the Towards �山��LDC5 - Recovery from COVID-19 Tackling Vulnerabilities and Leveraging Scarce Resources Event

Anonymous — Wed, 21 Oct 2020 05:21:00 +0000

Statement by Ms. Fekitamoeloa Katoa‘Utoikamanu, High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States

21 & 23 October 2020
New York, USA

Excellencies,
Colleagues,
Ladies and gentlemen,

I join H.E. Ambassador Escudero, Permanent Representative of Spain to the OECD and Chair of the Governing Board of the Development Centre, in warmly welcoming you all to this virtual event.

More than nine months have passed since the world over COVID took too many lives, disrupted countless lives, decimated and continues to shake livelihoods.

More than ever, and in solidarity, we must focus on Recovery from COVID-19, we must find ways to tackle vulnerabilities and leverage scarce resources.

And this is precisely the theme of our meeting.

This virtual event is also held in the context of preparations for the Fifth �山��Conference on LDCs, in short LDC5.

I wish to thank our main co-organisers, FERDI and the OECD Development Centre. Prof. Guillaumont, the President of Ferdi, and Mario Pezzini, the Director of the Development Centre and Special Advisor to the Secretary-General of the OECD.

You both are good friends of not only OHRLLS but also the LDCs.

I also thank all other partners for contributing to this endeavor.

Just as you all, I am grateful to see the LDC IV Monitor, which is a consortium including the Commonwealth Secretariat, the Overseas Development Institute (ODI), and the Centre for Policy Dialogue (CPD, Bangladesh), with us.

You already contributed to the Fourth �山��Conference in Istanbul and its mid-term review and I am very happy to see you engaged in the preparations for LDC5.

Last but certainly not least, I must acknowledge the collaboration with the Southern Voice network of think tanks, the Organisation Internationale de la Francophonie (OIF), the Enhanced Integrated Framework (EIF) and the United Nations University World Institute for Development Economics Research (UNU-WIDER). 

It is encouraging to see such a broad group representing many stakeholders not only from governments, the �山��and think tanks but also civil society. Indeed, it is all together that we must engage in discussions about the needs of LDCs and what can be done to enhance their resilience.

As I said a moment ago, our virtual meeting takes place in the context of the preparations of LDC5.

The General Assembly has agreed to hold the conference from 23 to 27 January 2022, in Doha, Qatar, at the highest level.

Three key goals will drive the leaders from all �山��Member States:

Undertake a comprehensive appraisal of the IPOA implementation by the LDCs and their development partners;

Mobilize additional international support measures and action in favour of the LDCs and,
Agree on a renewed partnership between the LDCs and their development partners, including the private sector, civil society and governments at all levels.

It is with even stronger resolve and determination that we relaunch the LDC5 preparatory process.

From now to January 2022, an intensive preparatory process takes place. This includes regional review meetings for Africa and Haiti and Asia-Pacific LDCs.

A range of formal and informal meetings will happen and involve many stakeholders, including parliaments, the private sector, youth, foundations and civil society.

You can find all the details on our website.

Additionally, and in a novel effort, we organize what we call an Academic Conference.

We do so next year jointly with UNU-WIDER, SDSN, and the Government of Finland, in Helsinki.

The goal is to provide an analytical underpinning to the discussions leading up to the LDC5.

So why is this LDC5 conference so important?

The IPoA set as its key goal to overcome the structural challenges of LDCs as the means to eradicate poverty, achieve internationally agreed development goals and enable graduation from the LDC category.

The most recent report of the Secretary-General on the implementation of the IPoA highlights that there has been some progress and most notably with respect to graduation.

But as always there is a but.

The objectives of achieving structural transformation and building productive capacity, and of combating poverty through high rates of economic growth and decent jobs powered by export growth, have not been realized. And this we could already see even before the COVID-19 pandemic hit.

It is the very well documented vulnerabilities of these countries causing this limited progress.

Just let me mention a few.

There is their narrow range of export products which makes them vulnerable to any fluctuations in commodity prices. Prices have declined since 2013 and thus have diminished the value of exports and foreign currency earnings.

We have climate vulnerability due to climate change induced or accelerated phenomena such as hurricanes, cyclones, flooding, drought and landslides. They have caused devastating loss and damage to lives, livelihoods and infrastructure.

The COVID-19 pandemic has brought to the forefront inequalities and poverty and so starkly teaches us lessons about the interlinked nature of the various vulnerabilities LDCs face and the devastation this causes.

Yes, we have the direct health impacts of the pandemic but at the same time we have the direct impacts on the very livelihoods of people. Tourism, trade and remittances have plummeted in these nations. The consequences are many from job losses, to increasing poverty and a decline in government revenues, worsening an already acute debt situation.

The lockdown and closures have had major negative social impacts, including on gender, decent work, health, education, and food security. The vast majority of workers in LDCs are in the informal economy and do not benefit from social protection.

For example, in the Sahel region, nationwide school closures due to COVID-19 came at a time when a very large number of schools had already been closed for several months because of severe insecurity, strikes, or climatic hazards.

For girls that cannot attend school for months because of school closures it became more likely that they will not ever return to school with all the negative long-term consequences this might have.

COVID-19 has also shown us how urgent it is that we close yet another divide, the digital divide. Countries that are left furthest behind need support from all relevant actors to enable remote schooling, telemedicine and make use of digital finance.

Indeed, like a mirror we have to look into, the COVID-19 pandemic all too clearly gives us the reflection of stark inequalities and how they keep growing within countries, between countries, regions and at the global level.

So, I just shared with you some examples of the vulnerabilities of LDCs that we together must address and they will be discussed in the first panel today.

Excellencies,

Ladies and gentlemen,

This brings me to a key topic : development finance.

Prior to the global crisis we now all face, development financing had already fallen short of the financing requirements to achieve the SDGs by 2030.

Prior to the global crisis, fiscal space of the LDCs was already limited due to rising public debt levels and servicing costs.

Not only does this lacking access to finance make it much harder for LDCs to respond to the crisis but it also means that no single source of financing will be enough to close the COVID-19-induced financing gap.

The collapse of domestic revenues we now see severely limits LDCs’ ability to put together sufficient health and stimulus packages.

The decline of remittances will leave too many families in destitution and increase poverty.

The steep decline in FDI to LDCs will hamper urgently needed investment in building productive capacity so that the much needed jobs are created and building back better happens.

For LDCs, it remains difficult to attract private finance due to their high vulnerabilities, smallness and their risk perception.

Yet, they have large needs for example for investments in infrastructure, from transport to sustainable energy.

My Office through the ‘COVID-19 - The Most Vulnerable 91’ campaign, put a spotlight on the very limited scale of funding that has been made available to the LDCs during the pandemic.

LDCs have all made national efforts to respond to the pandemic, their spending power is vastly outmatched by what advanced economies are able to mobilize.

LDCs remain among the poorest nations in the world and their financial resources are limited and their spending power to tackle major crises is very low.

Our research shows that less than seven dollars per head has been shared with LDCs by the international community to help them combat the pandemic.

We are now at a juncture.

More than ever, commitments with respect to ODA and beyond must be met. Increased climate finance must be provided and real debt relief must be seriously considered.

The impacts of the pandemic will be far-reaching and felt for years to come.

LDCs are the most vulnerable with least access to resources. The LDCs’ structural vulnerabilities are visible to all of us and there is absolute urgency to build resilience and redouble efforts towards achieving the SDGs.

The credibility of and trust in multi- lateral cooperation are at stake.

Excellencies,

Ladies and gentlemen,

This brings me to the need for the new Programme of Action for the LDCs, which will be adopted by Member States in Doha.

This programme must be ambitious and aim towards addressing recovery efforts, building back better, building back inclusively and driving efforts towards the Decade for Action in the LDCs.

It is my sincere hope that our virtual event will generate ideas and political momentum for an effective and coordinated response from international actors to provide adequate financing and technical assistance to build back better for a more equitable, sustainable and resilient world.

I look forward to hearing fresh ideas we can put into action to secure a truly sustainable future for the LDCs.

Thank you.

Front Page Article:

Statement at the Disaster Risk-Informed and Resilient COVID-19 Recovery Side Event

Anonymous — Thu, 15 Oct 2020 19:25:00 +0000

Statement by Ms. Fekitamoeloa Katoa‘Utoikamanu, High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States

15 October 2020
New York, USA

Excellencies,
Colleagues,
Ladies and gentlemen,

It is my pleasure to join you at this Second Committee side event.

I thank Special Representative Mami Mizutori and team for her leadership on this event, as well as the ILO and �山��Women for their close partnership.

A critical topic brings us together.

As their United Nations High Representative, I once again must stress how the Least Developed countries, Landlocked developing countries and Small Island developing countries are among them most vulnerable nations of our shared planet.

Their peoples are disproportionately affected by climate change induced risks, by health risks and by the vagaries of the global economic and financial systems.

The COVID-19 pandemic shows all too vividly the manifold inequalities, the too many exclusions we must overcome if indeed we do not want to leave anyone behind and stay true to what we promise in Agenda 2030 and the Paris Climate Agreement.

What is the situation for the peoples of the countries OHRLLS advocates for?

Like everywhere else, we see the immediate physical health impacts.

That is the tip of the iceberg and it is of great concern that by now tourism, trade, remittances, all vital livelihood ingredients, have plummeted if not come to a standstill.

What does this mean? It means job losses, it means severe decline in government revenues, it means severe worsening of debt spirals that were already barely sustainable prior to the pandemic.

In short, lives AND livelihoods are threatened.

Just like elsewhere, lockdowns and closures have major negative psychological and social impacts.

Women, disabled people, poor people are disproportionately impacted.

Food insecurity is setting in, access to education given the poor connectivities is threatened and finding work hardly possible. Take this against a backdrop where there are hardly any social protection systems!

To add to this already vicious cycle, ever more frequent extreme weather events have brought further life threatening disruption – from Category-5 Tropical Cyclone Harold in the Pacific to the devastating floods in Bangladesh and Sudan.

This brings me to the Sendai Framework.

The framework gives us both, an approach and tools to safeguard against multiple catastrophes and building resilience at all levels.

Now is the time for renewed efforts and commitment to ensure that as many countries as possible can achieve Target E of the Sendai Framework to have national and local disaster risk reduction strategies in place.

Too much time has already elapsed and we must accelerate progress. To do so, capacity building and financial assistance are critical to support the LDCs, LLDCs and SIDS in this important endeavour.

The LLDCs and SIDS concluded their mid-term reviews of their Programmes of Action respectively in September and December 2019. As I stated on other occasions, prior to the pandemic we could talk of a glass half full. By now, and in the immediate, we must ensure that the glass does stay half full and then we must together build!

An important opportunity is before us to just do that.

This is the Fifth �山��Conference on LDCs, to be held in Qatar in 2022.

The Conference itself, its preparatory process, offer enormous opportunities to craft a risk-informed development agenda and plan for the next 10-year Programme of Action for the LDCs.

I have every hope that today’s meeting will explore the immediate and medium-term measures that Governments can take to address the underlying social and economic drivers at the core of disaster risk.

We have the chance to hear from an array of academics and practitioners from diverse backgrounds and countries.

Standing still is not an option. We must find solutions to ensure we leave no one behind.

I look forward to the discussions and am confident that we will make progress in advancing the debate.

Thank you.

Front Page Article:

State of the LDCs: Reducing Vulnerability and Strengthening Resilience in LDCs (2018)

Anonymous — Tue, 04 Sep 2018 16:53:00 +0000

benin_arne_hoelworld_bank.jpg

A women group that produces gari (cassawa flour) in Benin.

Arne Hoel / World Bank

This fifth report on the State of the LDCs is a call to action. The report assesses progress in achieving the goals and targets of the Istanbul Programme of Action and then focuses on what has to happen to reduce vulnerability and building resilience in the LDCs.

With two years left in the time frame for the implementation of the Istanbul Programme of Action (IPoA), a major drive is needed by all stakeholders to overcome the challenges faced by the LDCs, as outlined in the Programme of Action. While Chapter 1 of this report reviews the progress and challenges in the implementation of the IPoA, Chapter 2 explores options on how to reduce vulnerabilities and increase resilience, aspects that are fundamental for any progress towards sustainable development in LDCs.

Download

Front Page Article:

Financing the SDGs in the LDCs: Diversifying the Financing Tool-box and Managing Vulnerability (2016)

Anonymous — Sat, 25 Mar 2017 13:57:00 +0000

sierra_leone_un_photomartine_perret.jpg

At the frontline of Ebola outbreak in Kabala, Sierra Leone.

�山��Photo/Martine Perret

Achieving the 2030 Agenda will be a challenge for all countries. It is however particularly salient for the 48 Least Developed Countries (LDCs) where levels of deprivation are acute, infrastructure is inadequate, economies are vulnerable and capital is in short supply.Yet these are the countries we need to reach first if we are to meet the aspiration to “leave no one behind”.

(English) (French)

Front Page Article:

Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States - Vulnerability

Tackling Vulnerability on the Road to LDC5

uganda_ilo_asin_nsubuga_ilo_rudmec.jpg

The Road to the 5th �山����Conference on the Least Developed Countries (LDC5)

First session: 21 October 2020, 09:00 – 10:30 (EST)

Second session: 23 October 2020, 09:00 – 10:30 (EST)

NEWS

Statement at the Towards �山����LDC5 - Recovery from COVID-19 Tackling Vulnerabilities and Leveraging Scarce Resources Event

Statement by Ms. Fekitamoeloa Katoa‘Utoikamanu, High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States

21 & 23 October 2020 New York, USA

Statement at the Disaster Risk-Informed and Resilient COVID-19 Recovery Side Event

Statement by Ms. Fekitamoeloa Katoa‘Utoikamanu, High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States

15 October 2020 New York, USA

State of the LDCs: Reducing Vulnerability and Strengthening Resilience in LDCs (2018)

benin_arne_hoelworld_bank.jpg

Financing the SDGs in the LDCs: Diversifying the Financing Tool-box and Managing Vulnerability (2016)

sierra_leone_un_photomartine_perret.jpg

The Road to the 5th �山��Conference on the Least Developed Countries (LDC5)

Statement at the Towards �山��LDC5 - Recovery from COVID-19 Tackling Vulnerabilities and Leveraging Scarce Resources Event

21 & 23 October 2020
New York, USA

15 October 2020
New York, USA