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The Least Developed Countries Report 2019

The Present and Future of External Development Finance - Old Dependence, New Challenges

image of The Least Developed Countries Report 2019

This report provides a comprehensive source of socio-economic analysis and data on the world's most impoverished countries. It calls for least developed countries (LDCs) to ensure that external finance from all sources is directed to national development priorities, and urges the international community to scale up its support toward this goal. Persistent shortfalls in domestic savings in the least developed countries make them heavily dependent on external finance. The least developed countries are most dependent on official development assistance. Official development assistance is essential for LDCs to achieve the Sustainable Development Goals and eventually escape aid dependence.

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Classifications

Unless otherwise specified, in this report, the least developed countries are classified according to a combination of geographical and structural criteria. The small island least developed countries that are geographically in Africa or Asia are thus grouped with Pacific islands to form the island least developed countries group, due to their structural similarities. Haiti and Madagascar, which are regarded as large island States, are grouped together with the African least developed countries.

English

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