The Doha Political Declaration was adopted to a round of applause in the plenary hall of the Qatar National Convention Centre, where LDC5 has been under way since 5 March.
Ushering in new era of solidarity, and enormous socio-economic benefits for world’s Least Developed Countries, today’s action comes nearly one year after the DPoA was adopted at the first part of the Conference on 17 March 2022 in New York.
The Declaration outlines measures to promote transformation and unlock the potential of LDCs, including the development of a system of reserves or alternative means, ranging from cash transfers to comprehensive multi-hazard crisis mitigation and resilience-building measures for the least developed countries.
“The commitments and responsibilities do not stop and start with the signing of the documents or attending Conferences. They must be integral to our efforts towards 2030 and extend for the full decade,” said Amina Mohammed, Deputy Secretary-General of the United Nations at the closing plenary meeting.
‘We must go further still’
She pointed out that the five key deliverables from the DPoA – an online university, a graduation support package, a food stock holding solution, an investment support centre, and a crisis mitigation and resilience building mechanism – “will answer key challenges facing the LDCs, and set the path for a more prosperous, equitable future”.
This week at LDC5
Commitments made at LDC5:
- Qatar announced a financial package of $60 million: $10m to support the implementation of the DPoA and $50 million to help build resilience in the LDCs.
- Germany dedicated €200 million in new money in 2023 for financing for LDCs.
- Canada announced $59 million to deliver Vitamin supplements in 15 LDCs and ecosystem conservation in Burkina Faso.
- The EU Commission announced cooperation agreements advancing sustainable investments in Africa totalling more than €130 million.
- Finland announced an annual event called the United Nations LDC Future Forum in Helsinki, with the Office of the UN High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States – OHRLLS –, to ensure the latest thinking and research is being put to work to ensure progress on the most vulnerable states.
- The Green Climate Fund announced a new project to give $80 million in equity to offer green guarantees to business in LDCs and bring down the cost of capital..
- The United Nations World Tourism Organisation, announced a new €10 million Tourism for Development Fund for LDCs, supported by TUI Care Foundation, that will invest by 2030 to support sustainable tourism in LDCs as a key driver of development.
- The Government of Kazakhstan pledged $50,000 to continue their work supporting the most vulnerable member states of the United Nations.