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Press Release

This fifth report on the State of the LDCs is?a call to action. The report assesses progress in achieving the goals and targets of the Istanbul Programme of Action and then focuses on what has to happen to reduce vulnerability and building resilience in the LDCs.?

Press Release?

NEW YORK,?8 August 2018?– The United Nations Economic and Social Council (ECOSOC) welcomed in its new resolution adopted on 24^th?of July 2018 at the?Coordination and management Meeting, the operationalization of the Technology Bank for the Least Developed Countries (LDCs) and the inauguration of its headquarters in Gebze, Turkey.

One year after the Comprehensive High-level Midterm Review of the Istanbul Programme of Action (IPoA), progress towards its?implementation has continued but there is the need to further accelerate actions in order to meet the agreed targets. Thus, while Chapter 1 focuses on the progress and challenges in implementing?the IPoA, Chapter 2 explores financing options for LDCs in order to?accelerate progress.

The first five years of the implementation of the Istanbul Programme of Action (IPoA) coincided with the last five years of the MDGs. The next five years will be the second half of the implementation of the IPoA and the first five years of the 2030 Agenda, which includes the SDGs. Thus, Part 1 of this report reviews the implementation of the IPoA so far while Part 2 discusses the synergies in the implementation of the IPoA and the 2030 Agenda in the coming five years.

Progress towards meeting the goals and targets of the IPoA has been mixed. Over the past five years, continued progress by the LDCs towards graduation from the category – which is one of the overarching goals of the IPoA – could be observed, with 10 LDCs currently at some stage in the graduation process. Furthermore important strides were?made towards several goals and targets. For example mobile cellular subscriptions almost doubled from 33 per 100 people in 2010 to 63 in 2014.

Being at the midpoint of the implementation of the IPoA, the Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries?and Small Island Developing States (OHRLLS) invited LDCs to review the status of the implementation of the IPoA at the national level and to highlight among others, lessons learned, challenges faced (including new and emerging challenges) and initiatives needed to overcome them.

The Istanbul Programme of Action aims at overcoming the structural challenges of the LDCs through building their human and productive capacities and enabling their graduation from the LDC category. The overarching objective of the Programme, which received a strong endorsement from the international community through the adoption in September 2015 of the 2030 Agenda for Sustainable Development, is to support the sustainable development of LDCs.

LDC IV Monitor?is an independent partnership established in September 2011 by eight think tanks and academic institutions from least developed countries (LDCs) and partner countries. Through monitoring and assessing the implementation of the Istanbul Programme of Action (IPoA) for the Least Developed Countries adopted by the Fourth United Nations Conference on the Least Developed Countries (UN LDC IV), it aims to contribute to an improved delivery of commitments made to the LDCs.