Friday, April 19, 2024

Indonesia calls for action to help least-developed countries to deal with multifaceted challenges

Reading Time: 3 minutes
Valina Zahra





Indonesia urged for the enhancement of global collaborations to assist the economic growth of the least-developed countries (LDCs) during the Fifth UN Conference on the Least Developed Countries (LDC5) in Doha from March 5 to 9, 2023.

The LDCs continue to encounter a variety of obstacles, including restricted production capabilities, insufficient financial capabilities, high levels of debt, and a shortage of technological resources, Indonesian Ambassador to Qatar Ridwan Hassan said in a statement on March 9, 2023.

Pandemic worsens situation

These countries’ circumstances have worsened due to the COVID-19 outbreak as well as other challenges that are multi-faceted, such as climate change and weaknesses in food and energy systems.

Until now, there are 46 countries that fall into the LDC category, with 33 being African nations, 9 in Asia, 3 in the Pacific, and 1 in the Caribbean.

“The adoption of the Doha Program of Action 2022 is proof of our collective commitment to supporting LDCs. But we need to work hard to ensure its effective implementation,” Hassan said, as quoted from

3 key focus

Indonesia recommended the improvement of three factors, namely:

  1. Creating a conducive environment for development funding in LDCs

Now the LDCs are confronted with inadequate financial support, encompassing both foreign direct investment (FDI) and development assistance. Therefore, it is necessary for the global community to aid the LDCs by providing development assistance, investments, technical assistance, inventive funding approaches, and debt relief.

“Under the Indonesian Presidency, the G20 agreed to increase blended finance for developing countries, including LDCs,” said Hassan.

  1. Advancing HR development in LDCs

The sizable youthful populace in LDCs is a significant resource that needs to be developed, including through high-quality and inclusive education and training programs. 

Up until now, Indonesia has been actively providing capacity-building assistance to the LDCs.

  1. Strengthening North-South, South-South partnerships, and Triangular Cooperation

Indonesia emphasized that any collaboration should be based on the LDCs’ requests and must embody the values of solidarity, inclusivity, equality, and ensuring that no one is left behind.

“The pandemic has taught us that no country can face global challenges alone. Solidarity, inclusivity, cooperation, and partnership are the keys to addressing global challenges. Let’s use this opportunity to strengthen global partnerships to support LDCs,” Hassan said.

UN LDCs progress

Since 1981, the UN Conference on the Least Developed Countries has taken place every 10 years with the goal of rallying worldwide assistance for the economic progress of LDCs.

Here are the key outcomes from every conference:

  1. First UN Conference on the Least Developed Countries (Paris, 1981)
  • Established the concept of Least Developed Countries (LDCs)
  • Adopted the “Programme of Action for the Least Developed Countries for the 1980s”
  1. Second UN Conference on the Least Developed Countries (Paris, 1990)
  • Adopted the “Paris Declaration and Programme of Action for the Least Developed Countries for the 1990s”
  • Established the Enhanced Integrated Framework (EIF) to support LDCs in trade-related matters
  • Set a target of allocating 0.15-0.20% of developed countries’ gross national product (GNP) as official development assistance (ODA) to LDCs
  1. Third UN Conference on the Least Developed Countries (Brussels, 2001)
  • Adopted the “Brussels Programme of Action for the Least Developed Countries for the Decade 2001-2010”
  • Focused on the importance of good governance, human rights, and social development in LDCs
  • Established the International Trade Centre (ITC) to provide trade-related technical assistance to LDCs
  1. Fourth UN Conference on the Least Developed Countries (Istanbul, 2011)
  • Adopted the “Istanbul Programme of Action for the Least Developed Countries for the Decade 2011-2020”
  • Emphasized the need for LDCs to have sustained economic growth and to be integrated into the global economy
  • Established the Technology Bank for the Least Developed Countries (TBLDC) to enhance science, technology, and innovation in LDCs.
Valina Zahra






We will provide you with an invoice for your reimbursable expenses.


New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.


$550 USD/Year


$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.


A number of parties have started to anticipate the impact of the conflict between Israel and Iran on investor interest in startups as the conflict can affect the macro economy, particularly in the Middle East.
President Xi Jinping has emphasized China’s commitment to improving the lives of its people and clarified its collaborative approach with other nations, entities such as APEC, and including superpowers like the United States, during a meeting at the Asia-Pacific Economic Cooperation (APEC) forum.
China’s conditions for a meeting between U.S. President Joe Biden and Chinese President Xi Jinping, as outlined by China’s Ministry of State Security (MSS). The conditions set by the MSS include the United States showing sincerity for such a meeting to take place. 
China’s Global Security Initiative (GSI) is intensifying its campaign for an alternative to the US-led international order, connecting it to its peace plan for Ukraine and rapprochement between Iran and Saudi Arabia.
Sri Mulyani, Minister of Finance of Indonesia together with ASEAN +3 countries, renewed the Chiang Mai Initiative Multilateralism (CMIM). The guidelines will provide liquidity support with local currency for countries experiencing balance of payments difficulties.
Indonesian Minister of Finance of Indonesia Sri Mulyani take part in the 26th ASEAN +3 Finance Ministers and Central Bank Governors (AFMGM+3) At the event, Sri met with ADB President and gained assurance that the ADB will support sustainable and inclusive recovery for developing country members by expanding its lending capacity.