Side-event to 2021 ECOSOC Forum on Financing for Development
The least developed countries’ (LDCs) advancement towards sustainable development requires sustainable, locally-rooted solutions. The importance of small and medium-sized enterprises (SMEs) for LDC economies has been noted in several studies, including UNCTAD’s LDC Report series.
This FFD side-event adopted an ecosystem viewpoint to SMEs in LDCs, without forgetting the importance of microenterprises. Participants called for systemic solutions and cooperation by governments, the United Nations, the private sector, financial intermediaries and MSMEs.
With a view to contributing to the preparatory process of the LDC5 Conference in 2022, the event brought together the above-mentioned actors to deliberate on ways to support the SME ecosystems in LDCs, contribute to LDCs’ development of productive capacities and eventually achieve the Sustainable Development Goals.
Watch the event proceedings below.
