The Least Developed Countries Need a New Generation of International Support Measures to Face the Development Challenges of the 2020s

The least developed countries find themselves at a crossroad. Beset by long-standing structural weaknesses, shortcomings in international support and widening inequalities within and among all countries, they have to confront new or intensifying problems worsened by the coronavirus disease (COVID-19) crisis, climate change, the rapidly evolving character of globalization and the new technological realities of the digital age. Developing productive capacities is the key to unlocking the potential of the least developed countries achieving structural transformation to face these new realities. To be able to rise to both old and new challenges, the least developed countries need a new generation of international support measures that are fit for purpose in a fast-changing global environment. These new international support measures need to be effective, relevant and closely tailored to least developed country aspirations if international support measures are to change the course of the development trajectories of these countries.