According to the Qatari official news agency QNA, the closing session of the 5th UN Conference on Least Developed Countries, which started with the theme “from potentials to prosperity” on Sunday, March 5 in the capital Doha, has been completed.
In addition to investments, the countries and international organizations participating in the conference made a total financial commitment of more than $1.3 billion in grants, loans, aid, development projects and technical support.
Aiming to positively impact 1.2 billion people living in the least developed countries, these financial aids will have tangible results of the Doha Work Programme.
The Doha Work Program aims to end extreme poverty and strengthen labor markets, as well as build resilience to future shocks by least developed countries and their development partners.
In addition to the aid allocated by the UN for the least developed countries, Qatar, Saudi Arabia, Kazakhstan, Germany, Canada and Finland are the leading countries that have made a commitment.
In her speech at the closing session, First Deputy Secretary-General of the UN, Amine Mohammed, praised Qatar’s longstanding support for LDCs.