Severe Tropical Cyclone Pam, which swept through the South Pacific Island state of Vanuatu in mid-March, has deepened hardships faced by people living in the informal settlements of the capital, Port Vila. Winds of up to 340 kph and torrential rain shattered precarious homes, cut off fragile public services and flooded communities with unsealed roads, poor drainage and sanitation.
Since 1971, Maldives is one of only three countries that have graduated from the ranks of the world’s “least developed countries” (LDCs) – the other two being Botswana and Cape Verde.
The world's 48 Least Developed Countries (LDCs) - a special category of developing nations created by the General Assembly in 1971 but refused recognition by the World Bank - have long been described as "poorest of the poor" in need of special international assistance for their economic survival.
African countries fought hard for the Kyoto Protocol
not to die on African soil at the 2011 Climate Change Conference in South Africa, but they say it is now languishing in limbo because developed countries are taking what they called “baby steps" towards ratification of the Doha Amendment
that gave it a new lease of life.
Persistent gaps between the promises made, and actually delivered, by developed countries to developing countries, hold back efforts to improve people’s lives and end poverty.
In the 1960s, there were high hopes for the development of the newly-independent sub-Saharan African countries but these hopes were quickly dashed following a series of shocks which began in the mid-70s, with the first oil price spikes, followed by a severe decline in growth and increase in poverty in the 80s and early 90s.
The 48 least developed countries (LDCs), described as the poorest of the world's poor, want to be an integral part of the U.N.'s post-2015 development agenda currently under discussion.
The world’s poorest countries are rethinking economic policies that - even during periods of breakneck growth - have failed to provide quality employment capable of matching a demographic boom.
The number of "least developed countries" (LDCs), which rose from the original 24 back in 1971 to the current 49, is beginning to shrink - haltingly.
The Monetary Board of Sri Lanka’s Central Bank, tasked with keeping the island’s economy on an even keel, does not only keep tabs on exchange rates, gold prices and inflation – it also has an eye on a less obvious indicator of economic stability: water levels in the country’s main reservoirs.
Remittances to the world’s poorest countries reached a record 27 billions dollars in 2011, according to a report released Monday by the United Nations Conference on Trade and Development (UNCTAD) in Geneva.
Bangladesh has begun to shed its image as one of the world’s poorest nations and make a reputation for itself as a major exporter of cheap generic drugs to over 85 countries.