United Nations All Books: LDC Report 2023 sku-5270084900

The United Nations paperback The Least Developed Countries Report 2023: Crisis-resilient Development Finance is listed in All Books as SKU sku-5270084900. It states that in 2023, the combined GDP of least developed countries (LDCs) was 10 per cent below where it would have been if the pre-pandemic 2010-2019 growth trend had continued.

It reports that at least an additional 15 million people in LDCs are living in extreme poverty and that their governments face severe limits on investment in public services and development. The report calls for a lasting resolution of the debt crisis, reform of the international financial architecture, and climate finance to restore fiscal space and fund a low-carbon transition and green structural transformation.

It says these steps are needed to realize the SDGs and sustainable development. Its recommendations address shortcomings in the quantity, quality, structure, cost, and accessibility of global development finance. It also examines how central banks might finance sustainable development and green structural transformation in LDCs, presenting this as the first such analysis in the LDC context, although central banks' role in addressing climate change has been discussed in developed countries.