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 On 18 November 2008, LDC Watch jointly organised a seminar in New York on ‘Financing development for Least Developed Countries (LDCs)' with the UN office for the Least Developed Countries (LDCs), Landlocked Developing Countries (LLDCs) and Small Island States (SIDs), the OECD and UN-NGLS.
Dr. Arjun Karki, Chair of LDC Watch, presented a statement in which he emphasised that the 49 LDCs are bearing the brunt of multiple global crises - food, financial, debt and climate. LDC Watch strongly called for a re-orientation of the global development paradigm to one which is inherently based on the right to development of all human beings. Financing for development must be fundamentally based in this direction, which will be effective only by recipient-led aid management as the key component and modality towards development effectiveness. To overcome these multiple crises, it is crucial that the international community including LDC governments work together with civil society. In this context, financing for development in LDCs must also address capacity building of civil society and their critical engagement in addressing the development challenges in LDCs. LDC Watch called both development partners and LDC governments to urgently start the preparations for the fourth UN conference (UN LDCIV) on LDCs. And, in the process, urged the international community, including LDC governments and all development partners, to translate their mutually agreed development commitments into reality by adopting the concept of right to development from below, where the ‘bottom billion' lies. Read the full statement at http://www.ldcwatch.org Source: |
