What is IPoA?
- The United Nations Conference on Least Developed Countries IV (UN LDC IV) adopted the IPoA on 13 May 2011 in Istanbul, Turkey.
- It is a mutually agreed compact between LDCs and their development partners.
- It succeeds Brussels Programme of Action (BPoA).
Goal of IPoA: To overcome structural challenges faced by the LDCs in order to eradicate poverty, achieve internationally agreed development goals and enable graudation from LDC category.
Objectives of IPoA: National policies of LDCs and international support measures to focus on following objectives:
- Achieve economic growth in LDCs to at least 7 per cent per annum;
- Build human capacities;
- Reduce the vulnerability of LDCs to economic, natural and environmental shocks and disasters, as well as climate change;
- Enhance financial resources and their effective use; and
- Enhance good governance at all levels.
Eight Priority Areas for Action
- Productive capacity
- Agriculture, food security and rural development
- Human and social development
- Multiple crises and other emerging challenges
- Mobilizing financial resources for development and capacity building
- Good governance at all levels