More than 40 heads of state of the world’s least developed countries recently met in Istanbul to define a new vision to reverse the profound poverty of the people living in these countries. While around two-thirds of these 48 countries are in Africa, 14 are in Asia.
After a period of prolonged slow growth, economic growth in the least developed countries accelerated to about 7 per cent per annum on average over the period 2000-2007. And many of these countries have made notable progress on the Millennium Development Goals (MDGs). In Bhutan and Rwanda, maternal mortality reduced by more than half within the decade. In Bangladesh, Madagascar, Nepal and Timor Leste child mortality reduced by more than 60 per cent between 1990 and 2007.
Read more: The plight of the least developed countries