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The Least Developed Countries Report 1999

image of The Least Developed Countries Report 1999

As the twentieth century drew to a close, it became clear that the least developed countries (LDCs) had generally failed to derive appropriate benefits from the ongoing processes of liberalization and globalization. This report examines the recent economic developments and outlook in the LDCs; reviews development finance, external debt and investment; assesses the programme of action for the LDCs for the 1990s; and discusses marginalization, productive capacities and the LDCs. Satistical charts and graphs are also included.

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Development finance, external debt and investment

One critical determinant of the ability of LDCs to improve their productive capacity and competitiveness is availability of investible resources. There is therefore a need to identify forms of action by Governments and the private sector in LDCs, and to delineate areas of intervention by the international community, that would enable LDCs to secure sufficient levels of development finance. Such measures would seek to raise levels of domestic savings, increase export earnings and enhance the inflow of both official and private external resources. Action is also needed to ease the LDCs’ debt burden.

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