Least-Developed Countries’ Means to Financing a Sustainable Recovery Are Heavily Affected

On June 8, 2020, the World Trade Organization Secretariat published a report on trade-related developments in relation to the COVID-19 pandemic in least-developed countries (LDCs). The economies of LDCs have been hit extra hard during this pandemic, as many rely on export-sensitive sectors that came to a near standstill (tourism, textiles, etc.), as well as remittances. This impedes the access of already highly indebted countries to finance for a sustainable recovery. The G20 has already called for debt relief and support for social safety nets in LDCs, but more will be needed.