LDCs are largely dependent on public resources to finance sustainable development needs. While financing needs have been growing access to most forms of financing like domestic resources and ODA as well as FDI has been stagnant or declining. Over the past decade external debt has been rising, and is often exacerbated by large costs caused by disasters and structural vulnerabilities. The Doha Programme of Action thus aims at expanding the resources that least developed countries can channel towards implementing the 2030 Agenda to meet the funding gaps in LDCs along with progress in reforming the international debt architecture. It stresses the need to incentivize additional financing and investment, strengthen their regulatory and policy environments, and develop pipelines of investable projects.
Annalisa Prizzon, Principal Research Fellow, ODI;
Antonio Pedro, Acting Executive Secretary, Economic Commission for Africa of the United Nations;
Eric Lecompte, Executive Director of Jubilee USA Network;
Ismaël Omar Guelleh, President of Djibouti;
Nadjati Soidiki, CEO, Agence Nationale pour la Promotion des Investissements (ANPI Comoros);
Papa Amadou Sarr, Executive Director of Mobilization, Partnerships and Communication Department, Agence Francaise de Developpement;
Robert Powell, Special Representative of the IMF to the UN;
Sidameho Djidudu Dogbe Tomegah, Prime Minsiter of Togo.