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The Fourth UN Conference on Least Developed Countries (LDC-IV) was held in Istanbul, Turkey, on 9–13 May 2011. It was attended by Ban Ki-moon, the head of the UN, and close to 50 prime ministers and heads of state. The conference endorsed the goal of raising half the existing Least developed countries out of the LDC category in 2022.
The standard preferences rate is suspended on "standard preferences imports" from 19 June 2023 until 31 December 2025, a period which may be extended. [ 2 ] The Scheme consists of three different regimes – one for least developed countries (LDCs), one for low and lower-middle-income countries which are not LDCs but are deemed to be ...
The criteria used for country selection excluded the mostly highly populated developing countries (for example, Nigeria — 120 million inhabitants — which was on the very first list in 1996) and kept only small countries that are both very poor and heavily indebted...
The IMF and World Bank (two Bretton Woods institutions) require borrowing countries to implement certain policies in order to obtain new loans (or to lower interest rates on existing ones). These policies are typically centered around increased privatization , liberalizing trade and foreign investment, and balancing government deficit. [ 2 ]
GDP is the mean (average) wealth rather than median (middle-point) wealth. Countries with a skewed income distribution may have a relatively high per-capita GDP while the majority of its citizens have a relatively low level of income, due to concentration of wealth in the hands of a small fraction of the population. See Gini coefficient.
This is a list of countries by real GDP per capita growth rate. These numbers are corrected for inflation but not for purchasing power parity. [2] This list is not to be confused with gross national income per capita growth [3] or the real GDP growth.
In response to developing countries (Least Developed Country, LDC) anxiety at their worsening position in world trade, the United Nations General Assembly voted for a 'one-off' conference. These early discussions paved the way for new IMF facilities to provide finance for shortfalls in commodity earnings and for the Generalised Preference ...
Second-Tier Foreign Exchange Market sometimes known by the acronym SFEM was a second official foreign exchange market in Nigeria that opened in September 1986 and was effective until middle of 1987. [1] The market window was open to both Nigerians and foreigners and the initial plan was to find a market rate for the naira.