LACK of financial security and economic stability is a major contribution to the countries being classed as Least Developed.
And the Head of the Pacific Office for UNESCAP Iosefa Maiava said that strengthening this would enable the few Least Developed Countries to graduate or move ahead from where they are.
“The way the economy operates and maintains itself wiĺl itself indicate if that country can sustain itself and more importantly move onto a higher level away from the LDC category.”
Maiava was speaking at the Regional Consultation of Pacific LDC’ s Civil Society Organisations which began in Suva today.
Delivering the keynote address, Maiava urged Pacific Island delegates present to work together to move the region forward.
Countries in the Pacific that fall in the category are Kiribati, Solomon Islands, Tuvalu and Vanuatu.
Amongst presenters over the first day were reps from the Pacific Islands Forum Secretariat, the Pacific Network on Globalisation, the Pacific Islands Climate Action Network.
LDC Watch Global Coordinator Gauri Pradhan shared the vision and drive of LDC Watch to help Pacific countries understand their grouping and history can move ahead also.
Padanth, based in Nepal also shared that the danger of country statuses being reserved was a real concern.
“We don’t want any country to fall back or lose their status when they have progressed so all LDC countries need to fully understand what is required to move up and what is required to maintain the status.”
PIANGO Executive Director, Emele Duituturaga said that the key issue that has emerged is the need to focus on sustainable graduation for the Pacific LDCs. Representatives at this meeting are challenged to work with their governments and raise awareness in their communities to raise issues to be addressed in the process of graduation.
The meeting also heard from the Fiji Government’s COP23 Secretariat.