North and Central Asia countries urgently need stronger partnerships and enhanced resource mobilization to further advance the implementation of the Vienna Programme of Action (VPoA) for Landlocked Developing Countries (LLDCs).
The Roadmap for Accelerated Implementation of the VpoA (the Roadmap) has identified resource mobilization and investment facilitation as 2 important actions to be supported by the UN system and regional organizations in partnership with governments, financial institutions, private sector, and civil society.
Building on this momentum, on the 9th of June 2023 the United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP) organized a workshop to enhance policymakers’ knowledge on opportunities to access and scale up public and private sources of financing in line with the Vienna Programme of Action (VPoA) for Landlocked Developing Countries (LLDCs) priority areas.
The workshop on Leveraging Public and Private Investment to Accelerate the Implementation of the Vienna Programme of Action in North and Central Asia placed particular emphasis on financing regional connectivity and sustainable infrastructure investment in the sub-region.
ITTLLDC Executive Director Mr. Dulguun Damdin-Od was invited by the UN-ESCAP to speak during Session 3: “Enhancing regional cooperation to finance better connectivity for LLDCs in North and Central Asia”, where he shared his thoughts on how to help fast track the mobilization of private and public sources of financing to implement the VPoA in North and Central Asia.
Through the exchange of experiences and good practices from policymakers and experts, the workshop contributed to a better understanding of the subregion’s opportunities to unlock more and diverse investments for the next global programme of action on LLDCs. Discussions also highlighted the importance of engagement with various stakeholders, including governments, international financial institutions, and the private sector, in addressing emerging challenges and seizing the opportunities offered by innovative and sustainable finance for LLDCs.
