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AuthorUnited Nations Conference on Trade and Development
TitleThe Development Goals of the Programme of Action for the Least Developed Countries for the Decade 2001-2010: Towards a Set of Indicators to Monitor Progress
Imprint Geneva, United Nations. 2001
Connect tohttp://161.200.145.45/docs/en/tb48d14.en.pdf
Descript 30 p. : graphs, tables

SUMMARY

Despite some positive developments in transit transport systems, lack of territorial access to the sea, aggravated by remoteness and isolation from world markets and high transit costs, risks continue to impose serious constraints on the overall socio-economic development of landlocked developing countries. As, they have not been able to take full benefit of the new trade and investment opportunities offered by the process of liberalization and globalization, they are in need of greater assistance to enable them to integrate effectively and beneficially into the global economy. As most transit countries are themselves developing countries facing serious economic problems, including the lack of adequate transit transport infrastructure, regional cooperation initiatives, such as the World Bank's trade and transport facilitation project in South-East Europe and the Southern Africa Development Corridor and Spatial Development Initiative (SDIs) can be an asset through pooling resources and achieving needed economies of scale. Effective regulatory frameworks and establishment of a conducive environment is a prerequisite for infrastructure development. Landlocked and transit developing countries should on the one hand, expedite reforms in the transport and related sectors and on the other hand, donors should reverse the downward trend in official development assistance (ODA). Also, multilateral and development institutions should promote innovative financing modalities such as co-financing, bank-to-bank loans and guarantees. Many landlocked and transit developing countries have undertaken measures to strengthen their regulatory and institutional frameworks and concluded bilateral and regional cooperative agreements. Donor countries and financial and development institutions have played an important role in supporting the normative laws and systems reform processes but greater financial and technical assistance is required for their effective implementation


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