UN General Assembly
2006

we must urgently and sincerely implement all the commitments agreed to in the various global compacts of recent years, including the Monterrey Consensus, the Millennium Declaration, the Johannesburg Plan of Implementation and the Brussels Programme of Action for the Least Developed Countries. This year’s midterm review of the Programme of Action for the Least Developed Countries showed that most of the least developed countries will not be able to achieve the agreed targets within the previously 7 06-53329 defined time frame unless we accelerate the pace of implementation. The least developed countries need better policies on aid, trade, investment, debt relief and capacity-building, as well as timely reforms in the international financial institutions. We call on the international community to take a holistic approach, combining policies to support the LDC development agenda. The least developed countries need a substantial flow of external aid and investment if they are to meet those goals. Investment in poorer countries is not just a moral responsibility; it is investment in the collective security of the world. Many least developed countries are handicapped