In progress at UNHQ

Development


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Reducing the cost of remittances is key to helping the world’s poorest countries marshal the resources needed to graduate from their low-income status and reliably finance sustainable development, experts said today as the first session of the Preparatory Committee for the fifth United Nations Conference on the Least Developed Countries concluded.

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Digital connectivity and access to modern technologies are essential for least developed countries to reap the benefits of the fourth industrial revolution and build resilient economies after the ravages of the COVID-19 pandemic, speakers and panellists told the Preparatory Committee for the fifth United Nations Conference on the Least Developed Countries today.

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Access to finance and technology and building resilience against climate change, natural disasters and other shocks are among the key drivers of sustainable development for the world’s poorest countries, speakers said today as the first session of the Preparatory Committee for the fifth United Nations Conference on the Least Developed Countries got under way.

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The COVID-19 pandemic served as a stress test for the repositioned United Nations development system, which rose to the challenge and has made the most of the Organization’s assets to help countries worldwide emerge stronger from the crisis, senior officials of the Economic and Social Council said today, as it concluded a three-day annual segment on operational activities for development.

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The United Nations development system is better positioned thanks to recent reforms but more can and must be done to improve its effectiveness at a time when the COVID-19 pandemic has wiped out a decade of achievements in some countries, delegates told the Economic and Social Council today at the opening of its three-day segment on operational activities for development.