Explanation of Position on a Resolution on Least Developed Countries

Jesse Walter
Advisor for Economic and Social Affairs
U.S. Mission to the United Nations
New York, New York
November 18, 2020


The United States appreciates the facilitator’s successful shepherding of this resolution. We are pleased to join consensus on this resolution.

Regarding references to Official Developmental Assistance (ODA) in OP10, the United States does not accept language calling on developed countries to increase their ODA commitments, noting that the emphasis should be on other forms of developmental finance.

Regarding OP23 and its reference to target 17.5 of the Sustainable Development Goals, the United States notes that the UN General Assembly adopted a set of goals and targets, and that one of its targets for sustainable development is to “adopt and implement investment promotion regimes for least developed countries.” We reject the notion that the General Assembly, as a body, decided to adopt and implement investment promotion regimes.

The United States notes that the terms “adequate” and “predictable” in OP27 have no agreed-upon international definition. In the absence of any common understanding of what constitutes adequate and predictable, we should use more inclusive terms that better reflect finance sourced from both the public and private sector.

Finally, we refer you to our general statement, delivered today, which addresses our concerns regarding the 2030 Agenda for Sustainable Development, the Addis Ababa Action Agenda, the New Urban Agenda, illicit financial flows, Official Development Assistance, the Paris Agreement, climate change, reports of the Intergovernmental Panel on Climate Change and characterizations of inclusive economic growth, trade, and technology transfer.

Thank you.