According to the United Nations report, half the world’s 48 least developed countries (LDCs) can “graduate” out of their impoverished status within 10 years if they benefit from better targeted development aid, duty- and quota-free access for exports and doubled farm productivity and school enrolment.
“This is the time for global solidarity to achieve progress even in the poorest countries of the world, which will go a long way in advancing global prosperity and security,” says the report by the Group of Eminent Persons appointed by Secretary-General Ban Ki-moon to look into development problems facing the world’s poorest countries.
Measures advocated by the panel include adequate, prioritized and better targeted development assistance; duty- and quota-free access for LDC exports; doubling farm productivity and school enrolment; and beefing up the developmental and democratic capacities of LDC governments.
TOP’s first aim is to persuade developed countries to offer tariff free, quota free (TFQF) access to all imports from the poorest countries. This is in line with Millennium Development Goal 8 which includes achieving tariff and quota free access for the least developed countries’ exports.