Development plan agreed for world's poorest countries
The international community has agreed a 10 year plan to help the world's poorest countries break out of poverty.
The deal made at a United Nations summit on the Least Developed Countries or LDCs is expected to give a new impetus to economic and social development in the 48 nations.
Cheick Sidi Diarra, the UN Under Secretary-General for the LDCs says both the state and the private sector have an important role to play.
“Private sector orientation of the economy is of particular importance but the private sector is not enough to bring wealth to the common men and women in the countries, particularly the LDCs. That’s why this plan of action comes up with a balanced role between what the state has to do and what the private sector has to do.”
The deal also includes a renewed pledge by developed nations to commit up to 0.2% of national income to LDCs.