The current COVID-19 pandemic has highlighted the precarity of LDCs when it comes to financing and investments in support to trade. There is a growing consensus in the aid community that blending traditional Official Development Assistance (ODA) with private sector sources of capital through innovative finance mechanisms will be crucial to help LDCs recover from the pandemic.
The COVID-19 pandemic is causing labour market ravages in all regions, some of those trends are accelerating, thereby generating new challenges and opportunities for job creation. While advanced economies are responding promptly and stand ready to invest to take benefit from the spread of remote working arrangements, increasing automation and the reshuffling of global value chains, LDCs struggle to overcome deep rooted and pre-existing decent work deficits.
13 November 2020.??At its biannual meeting, the WTO Committee on Rules of Origin addressed the implementation of the Nairobi Decision on Preferential Rules of Origin for LDCs, the utilization of tariff preferences by LDC exporters of minerals and metals, transparency in non-preferential rules of origin and steps to ease rules of origin requirements in response to the COVID-19 pandemic.? See the press release and links to relevant documents?
OHRLLS, OECD Development Centre and the Foundation for Studies and Research on International Development (FERDI) held a virtual event on 21 and 23 October 2020 ※The Road to the 5th?UN Conference on the Least Developed Countries (LDC5): Recovery from COVID-19 - Tackling vulnerabilities and leveraging scarce resources§ on 21 and 23 October 2020. Interpretation in English and French will be provided.
