Helping Least Developed Countries achieve structural economic progress toward graduation

The project aims to help five Least Developed Countries (LDCs) (four in Asia, one in the Pacific) increase their chances of achieving structural economic and social progress toward and beyond graduation from LDC status. This, for the two implementing organizations, involves: (i) provision of country-specific analytical material on the implications of LDC graduation; vulnerability and resilience-building; and smooth transition strategies; (ii) relevant advisory services to policy makers; and (iii) action to help project recipients and LDCs in general understand and use the export-related new requirements issued by trading partners.
The economies of graduating LDCs, while demonstrating forms of structural economic progress, often remain little diversified and dependent on a small number of products or commodities for export. The transformation these countries aim to achieve or pursue implies a range of structural economic changes, notably from lower to higher levels of productivity and value addition. Most graduating countries with an agenda for such progress will need post-LDC support measures, possibly new forms of special treatment after LDC status.
The context of reclassification from LDC status is an opportunity, for these countries, to step up their plea for alternative support measures after graduation, with a view to maintaining their momentum of progress. In short, making the most of LDC benefits while these are still available, then achieving a smooth transition to post-LDC status with some alternative support measures is a broad agenda of these States, an agenda they expect UNDESA and UNCTAD to help them bring to fruition. The project offers the two organizations and the five recipients a practical framework for achieving this goal.
Key stakeholders under the project are government officials in the ministries associated with LDC graduation and its implications: Foreign Affairs, Planning, Finance, Trade and Commerce. The project will enhance the capacities of selected officials within these ministries to: (i) better understand the implications of graduation from LDC status; (ii) incorporate policies aimed at mitigating vulnerability and building resilience into planning documents; (iii) formulate and enact smooth transition strategies; and (iv) keep up with changing international trade requirements.