Least Developed Countries

The milestone is a testament to the African nation’s economic achievements, but its future development is not without challenges.

At the annual climate summit, UN Trade and Development urges stronger action to help least developed nations tap into carbon markets for sustainable and resilient growth.

Changes are necessary to make trade preferences more effective in fostering growth and export diversification of developing countries.

In 2023, the market value of carbon credits from these vulnerable economies sat at $403 million – just 1% of total bilateral development aid.

By connecting economic growth with climate action, carbon markets can offer a pathway to mobilize funds for sustainable development in the world’s most vulnerable economies.

Supported by global partners, a new project is underway to bolster Rwandan small-scale cross-border traders, accelerating digital inclusion and regional integration.

Amidst a polycrisis, these countries face an increasingly unsustainable financial situation, with high structural deficits and unaffordable debt, underscoring the urgent need for international action.

The African least developed country has made significant strides in attracting foreign direct investment. What more can be done to sustain the momentum?

From UN Trade and Development, a statistical breakdown of the world’s uneven progress towards achieving shared prosperity on a sustainable planet by 2030.

Despite reaching historical levels in 2022, Official Development Assistance decreased by 2% ($4 billion) for developing regions, affecting over 70 countries and almost 3 billion people.