Follow up of the Implementation of the Istanbul Programme of Action for the Least Developed Countries
From the document:
The moderate economic recovery that began in many LDCs in 2012 was sustained in 2013. Increased public spending, and stronger investment and activity in the mining, construction, manufacturing and services sectors, along with continued strong external private flows—in particular foreign direct investment (FDI) and remittances—contributed to economic revival.
This modest recovery remained unevenly distributed, however. The number of LDCs growing at 7 per cent or more declined slightly, from 14 countries in 2012 to 11 in 2013. Progress towards achieving the goals and targets of the Istanbul Programme of Action is mixed, varying within and across its eight priority areas.
There have been some positive movements, such as in increasing access to the Internet and mobile telephony networks, expanding the stock of transport infrastructure and improving the regulatory environment for the private sector. Many LDCs have recorded improvements in human and social development—in particular in education, health and youth development—but these strides have not been sufficient to lift the LDCs entirely out of poverty and social deprivation.
FDI and remittances to the LDCs have continued to grow, but the full developmental benefits of these have yet to be reaped. Access to modern, sustainable and affordable sources of energy is still very limited, as is the ability to generate, use, service and maintain technology and innovation.