Development Challenges in Sub-Saharan Africa and by Department of Economic and Social Affairs

By Department of Economic and Social Affairs

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Extra resources for Development Challenges in Sub-Saharan Africa and Post-Conflict Countries: Report of the Committee for Development Policy on the Seventh Session (14-18 March 2005)

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The Committee therefore decided not The CDP Report 2005 to include e-readiness as an additional indicator for the HAI, but suggested that e-readiness data be made available for the next triennial review as additional information for assessing the eligibility of countries for inclusion or graduation from the list. 3. Economic vulnerability index The Committee recalled that it considers economic vulnerability to trade and natural shocks as a major structural obstacle to development, often exacerbated by its effects on public expenditure.

The Committee took the view that the criteria need to be modified over time to be consistent with the general principles that ought to underlie the identification of least developed countries. At the same time, the Committee reiterated the importance of maintaining stability in the criteria. 23 24 The CDP Report 2005 The Committee stressed the importance of flexibility in the application of the three criteria for the identification of least developed countries. 7 Flexibility may serve to enhance the consistency of the list and to ensure equal treatment of countries over time, as considered in paragraph 11 above.

The Committee also took note of the mandate contained in paragraph 3 (b) of the above resolution, by which the United Nations Conference on Trade and Development (UNCTAD) is invited, after a country has met the criteria for graduation for the first time, to prepare a vulnerability profile, to be taken into account by the Committee at its subsequent triennial review (see figure 1 below). The Committee noted the importance of paragraph 12 of General Assembly resolution 59/209, in which the Assembly requests the Committee, with the assistance and support of other relevant entities, to continue monitor- The CDP Report 2005 21 Figure 1.

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