Remarks for the Acting Permanent Representative at the Pre-Committee Meeting for the 5th United Nations Conference on Least Developed Countries 8 February 2021
Agenda Item 6: General Statement

Distinguished Co-chairs,

Honourable President of the General Assembly,

Madam High Representative and Secretary-General of the LDC5,

Excellencies, Ladies and Gentlemen,

At the outset allow me to join others in congratulating Ambassador Rabab Fatima of Bangladesh and Ambassador Robert Rae of Canada on their elections as the Co-chairs of the Preparatory Committee Bureau for the Fifth UN Conference on LDCs. Many congratulations to the other members of the PreCom Bureau.

Pakistan aligns its statement with the statement delivered by the delegation of Guinea on behalf of the G77 and China.

The LDC-V is taking place at a critical time when the whole world is grappled by the catastrophic consequences of the COVID-19 Pandemic. The world economy is hit at its core as the global contraction has reached around 5%. For small households there has been record loss in jobs. Around 100 million people have been pushed into extreme poverty with no signs of recovery in the near future.

While the virus knows no border, it is painfully obvious that poor and vulnerable countries especially the Least Developed Countries (LDCs) have been hit the hardest because of drop in commodity prices, falling remittances, lack of tourism, and disruption in global supply chains.

Many of the small business in least developed countries have completely disappeared and some are struggling to keep afloat. The recession has made the achievement of the target of at least 7% growth for the LDCs a distant dream.

The COVID-19 Pandemic has also exposed the inherent vulnerabilities and inequalities of our global financial architecture. During the times of crisis the developing countries could not even manage to provide the estimated 2 to 3 trillion UDS fiscal stimulus for their economies in comparison with that of 13 trillion UDS provided by the advanced economies.


We are also aware that even before the Pandemic we were off-track in achieving most of the goals and targets defined by the Istanbul Programme of Action (IPoA). The LDC-V should therefore build on the lessens learned from the IPoA and suggest comprehensive and action-oriented outcome to help LDCs in building back better without compromising on the achievement of the SDGs.

To this end we propose that the conference should focus on these key issues:


If we are to build back better from the wreckage of the COVID-19 crisis it is imperative that majority people living in developing countries especially the LDCs are made part of it.

I thank you.