State President His Excellency Dr. Lazarus Chakwera, in his capacity as Chairperson for the Least Developed Countries (LDCs), has called upon the United Nations and other international stakeholders to support Least Developed Countries for them to fast track their economic growth and graduate from abject poverty.
Delivering his keynote address during the opening of the fifth United Nations Conference for LDCs in New York on Thursday, President Chakwera said the Doha Programme of Action (DPoA) for LDCs offers a recovery path for the world’s most vulnerable countries.
“The current global context demands a collaborative, collective and courageous response. It demands the adoption of the Doha Programme of Action, for it is our best opportunity for charting a recovery path for the world’s most vulnerable countries. Action is our only hope,” said President Chakwera.
The DPoA, which will be implemented from 2022 to 2031, is an intervention that will support LDCs to recover and grow their economies.
It will support measures for eradicating poverty, ending hunger and malnutrition, making internet access universal, diversifying our economies and increasing our exports and trade. It will also set a benchmark for official development assistance.
The programme will also establish an online university, an international investment support center, and food stockholding for enabling LDCs to build back stronger. In addition, the programme launched the Sustainable Graduation Support Facility.
President Chakwera also lobbied for support to Malawi following the devastation from Cyclones Idai and Kenneth and tropical storms Ana and Gombe on top of the Covid-19 pandemic.
“All this is happening while we as LDCs are already choking from the socioeconomic devastation caused by Covid-19 pandemic, which has increased poverty levels in our countries by 35% in the past two years, unsustainable debt burden racing towards $1 trillion mark,” said the Malawi leader.
Speaking earlier, UN Secretary-General, Antonio Guterres, expressed commitment of his office to lobby for increased funding towards the LDCs.