Economic Development

Fifth UN Conference on Least Developed Countries Begins in Qatar

The UN Conference on the Least Developed Countries (LCD5) starts today.

The Fifth Conference of the United Nations on the Least Developed Countries (LCD5) begins in Qatar today until March 9. The UN Conference takes place with Cuba as President of the G77 and China Group.

The UN Conference on Least Developed Countries meets every four years. Currently, Cuba is the Chair of the Group of 77 in New York this year.

Foreign Trade and Investment (MINCEX) Minister Rodrigo Malmierca Díaz heads the Cuban delegation and serves as President of the Group of 77 and China. Vice Minister Déborah Rivas (MINCEX) accompanies the Minister.

Minister Rodriguez and Vice Minister Deborah Rivas at the UN Conference

According to a press release by the Group of 77 and China at the UN, the Doha Action Program will be successful if implemented in a coordinated manner with the commitments of the 2030 Agenda, the Addis Ababa Agenda, and the Paris Agreement.

The High-Level Dialogue will assess the implementation of the Addis Ababa Action Agenda.

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The Fifth UN Conference on Least Developed Countries takes place during a critical time when developing countries face unprecedented economic development challenges. The ongoing global pandemic and the international economic order continue to perpetuate inequalities and poverty in developing nations.

“Transformative measures are vital for developing nations to overcome the growing financial gap, increasing debt distress, technology barriers, climate change, unilateral coercive measures, food insecurity, and the negative consequences of arbitrary and unjustified trade-restrictive measures that affect the wellbeing of present and future generations.” (Source)

The G77 and China have expressed support for the benefit of the countries of the Global South it represents.

The voices of Cuba and the other nations which strive to develop their economies will be heard at the UN Conference on Least Developed Countries.

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