Presentation of the CDP report at the High-Level Segment of ECOSOC

On 18 July 2022, Jose Antonio Ocampo, Chair of the Committee for Development Policy (CDP) presented the central messages of the CDP's report to the High-Level Segment of ECOSOC. Mr. Ocampo stressed the importance of industrial policies in advancing the kind of transformation developing countries need to face the current crises and persistent structural challenges. A new generation of industrial policies, he said, would need to learn from the past and take into account the new realities, challenges and opportunities, including those associated with the green and blue economies, digitalization, the need to build resilience to shocks and adapt to climate change, as well as the imperatives of equality, including gender equality, and leaving no one behind. The Chair also referred to the CDP's work on the voluntary national reviews (VNRs), which have shown improvement over time but can be further enhanced in order to be fully effective as instruments to advance the implementation of the 2030 Agenda. On LDCs, Mr. Ocampo said the CDP welcomed significant progress toward graduation from the LDC category, but also expressed its concern at the limited capacity of LDCs to address the diverse challenges in terms of short-term recovery and long-term sustainable development. He also reported on the Committee's continued work on improving the monitoring and support of graduating and recently graduated countries. In line with the Doha Programme of Action, LDCs require support for the international community, particularly to enhance productive capacities, strengthen public health systems, build climate resilience and ensure the sustainability of external debt.

Read the full statement here and the CDP's report here.