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.
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.