The INCLUDE special report ‘To graduate or not to graduate?’ features Cape Verde’s graduation from LDC status in 2007. This report draws valuable lessons for other potentially graduating LDCs. It also discusses dependence on foreign aid and suggests new modes of international cooperation to ensure greater independence from aid.
Graduation from least developed country (LDC) status is an issue of extreme relevance for development practitioners, donors, and potentially graduating countries. While graduation is generally positive and reflects inclusive growth, it comes at a cost. Graduated countries are no longer eligible for special treatment, including trade preferences and Official Development Assistance, and can be left in a vulnerable position if local or global conditions change. The Istanbul Declaration and Programme of Action aims at halving the number of LDCs by 2020, which is clearly an immense task.
This special report is based on a seminar conducted as part of the seminar series on ‘New Modes of Development Cooperation’ co-organized by INCLUDE and the Institute of Social Studies of Erasmus University.
You can download the report here.
Video impression of the seminar:
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A Banerjee, E Duflo, N Goldberg, D Karlan, R Osei, W Parienté, J Shapiro, B Thuysbaert, C Udry
S Devereux, K Roelen, R Sabates, D Stoelinga, A Dyevre