Partnerships of LDCs with developed nations significant for prosperity: PM Shehbaz

DOHA: Prime Minister Shehbaz Sharif on Monday said that Pakistan was committed to implementing the Doha Programme of Action considering it as an opportunity to accelerate sustainable prosperity in the least developed countries.

Addressing the fifth United Nations Conference on the Least Developed Countries (LDC5) in Qatar's capital Doha, the premier said partnerships of LDCs with developed nations, as well as the private sector and civil society, were significant for global prosperity.

PM Shehbaz emphasised exploring the opportunity to ensure sustainable development in the places where international assistance was needed the most.

He called upon the international community to join hands in tapping the full potential of the LDCs helping them make progress on the road to prosperity.

He said the LDCs needed major investments in health, education and social protection systems, adding that vast resources were required to fully implement Agenda 2030 and the Sustainable Development Goals (SDGs).

The premier highlighted that many of the LDCs were already in or at risk of debt distress.

Left unchecked, he said, economic distress and vaccine inequity would make recoveries longer and more painful than necessary.

He also added that Pakistan was committed to safe and effective vaccines and the allocation of resources for LDCs.

It was a matter of great concern that six LDCs had been classified as under extreme burden and added that the needy nations required a system of social protection, PM Shehbaz highlighted.

PM Shehbaz also called for the need for reforming unequal financial architecture to address the special needs of LDCs.

He proposed a system of international technology combined with SDGs to provide easy access to LDCs to develop and bridge their digital divide in order to help them contribute to a knowledge-based economy.

The prime minister lauded the Doha Programme of Action 2031 particularly its concrete measures including the online universities, food stock system and investment support centre.

He assured that Pakistan would actively support the implementation of the Doha Programme of Action within the framework of south-centric cooperation.

He congratulated the Emir of Qatar for an immaculate arrangement for the conference after holding the recent international football event FIFA 2022 and added that Qatar had further bolstered its standing in the comity of the nations.