Displayed with permission from allAfrica.com
The UN Conference on Trade and Development (UNCTAD) lauds Ethiopia’s Economic Vulnerability resilience
While launching the 2016 UNCTAD report here yesterday, Regional Office for Africa Head Dr. Joy Kategekwa attributed investment on infrastructure, rapid economic growth over the last ten plus years and building climate resilient economy for the achievement.
She noted that Ethiopia need to improve per-capita income and human assets index to graduate from LDCs.
As per the report, 16 countries are projected to graduate from LDCs status between 2021- 2024.
The head said the graduation is mainly determined by Per-capita income, Human Assets Index and Economic Vulnerability Index.
Dr. Joy added that the graduation with momentum is crucial as it helps nations to address development challenges beyond graduation. ” What matter most is how the country graduate than when.”
UNCTAD´s LDCs report provides a comprehensive and authoritative source of socio-economic analysis and data. It is intended for a broad readership of governments, policy makers, researchers and all those involved with LDCs´ development policies.
Among 48 LDCs in the world, 34 are African countries.