USCIB was on the ground in Doha for the 5th United Nations Conference on the Least Developed Countries (LDC5) and to participate in the LDC5 Private Sector Forum (PSF). USCIB’s Moving the Needle (MTN) Initiative organized a March 8 LDC5 side event in the form of a roundtable on the private sector’s role for solidarity solutions, in partnership with the International Organization of Employers (IOE).
LDC5, held from March 5-9, focused on accelerating the graduation of LDCs out of the LDC category of the world’s poorest countries. The forty-six LDC countries account for 13% of the world population but only 1.3% of global GDP and less than 1% of global trade and foreign direct investment (FDI).
The LDC5 Private Sector Forum, co-organized by the United Nations with Microsoft and a business advisory group, emphasized actions and partnerships for LDCs to support the delivery of the new Doha Program of Action and the 2030 Agenda for Sustainable Development. The Forum highlighted important sectors for LDCs, such as agriculture, energy, connectivity and finance and the need to create enabling environments for LDCs to benefit from trade, investment and capacity building.
USCIB Board Member Chris Sharrock, Microsoft vice president for UN Affairs and International Organizations, opened the MTN Roundtable, stating that “Business plays a key role in delivering inclusive growth, creating opportunities and sustainable development around the world, especially for the 880 million people living across the LDCs.” He went on to emphasize the necessity of partnerships that are effective, tailored to local needs and goals and that mobilize private sector knowledge and tools.
The MTN Roundtable featured speakers from USAID, the International Labor Organization (ILO), the International Telecommunications Union (ITU) and UNIDO, as well as leading IOE employers federation representatives from the DRC, Mali and Zambia.
USCIB Senior Vice President for Policy and Global Strategy Norine Kennedy, Policy Manager for Environment and Sustainable Development Agnes Vinblad and USCIB MTN Initiative consultant Lea Felluss were in Doha to advance U.S. business views and contributions to the sustainable and resilient graduation of LDCs as essential to the 2030 Agenda for Sustainable Development.
According to Kennedy, “Simply put, solidarity means we cannot deliver the SDGs while leaving the LDCs behind.”