UN calls for world's poorest countries to take leading role in directing external aid to development

Unpublished

GENEVA - the UN trade body, UNCTAD, called for the least developed countries (LDCs), the world’s most impoverished nations, to proactively ensure that external finance from all sources is directed to national development priorities.

According to the Least Developed Countries Report 2019, this approach is the best way to manage their aid dependency and eventually outgrow it.

LDCs account for 15 of the 20 most aid-dependent countries in the world due to persistent shortfalls in their domestic savings, among other factors, according to UNCTAD.


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