Caribbean News
Give Developing Nations the Money, says United Nations Boss
By Dana Malcolm
Staff writer
#March 9, 2023 – It’s time for richer nations to fork over billions for developing nations, says Antonio Guterres, United Nations Secretary General as he calls for support for a new $500 billion dollar plan.
“Least Developed Countries need a revolution of support across three key areas. First — they need immediate assistance to rescue the Sustainable Development Goals.” He maintained speaking at the recent opening of the 5th
Guterres unveiled a plan, the Doha Programmes of Action (DPOA), that would see the least developed countries get a share of that $500 billion on an annual basis.
The plan also guides LDCs on the best way to hit the Sustainable Development Goals with ‘concrete targets and deliverables.’
The aim of the plan is to provide LDCs with the monetary and technical support that they need to fast track their development.
“Least Developed Countries also need funding and support —To massively invest in manufacturing and technological capabilities, and better infrastructure and transportation networks. To give women a seat at the decision-making tables of government, business and civic life. To invest in education and training to generate a highly skilled workforce.” He maintained that the plan was a practical guide to all of these issues.
He also maintained that the three part plan would only cost the coalition of richer nations .15 – .20 percent of their Gross National Income, but the fiscal injection would be a life changing sum for LDCs.