8 TH MINISTERIAL CONFERENCE OF THE LEAST DEVELOPED COUNTRIES 8 TH - - PowerPoint PPT Presentation

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8 th ministerial conference of the least developed
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8 TH MINISTERIAL CONFERENCE OF THE LEAST DEVELOPED COUNTRIES 8 TH - - PowerPoint PPT Presentation

Aug 18, 2022 309 likes •401 views

8 TH MINISTERIAL CONFERENCE OF THE LEAST DEVELOPED COUNTRIES 8 TH MINISTERIAL CONFERENCE OF THE LEAST DEVELOPED COUNTRIES Session II: High-level panel on Industrial Policy Instruments and Strategies 8 TH MINISTERIAL CONFERENCE OF THE

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8TH MINISTERIAL CONFERENCE OF THE LEAST DEVELOPED COUNTRIES

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8TH MINISTERIAL CONFERENCE OF THE LEAST DEVELOPED COUNTRIES

Session II: High-level panel on

“Industrial Policy Instruments and Strategies”

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8TH MINISTERIAL CONFERENCE OF THE LEAST DEVELOPED COUNTRIES

Industrial Policy & Structural Transformation

  • Industrial policy plays a key role in the structural

transformation of modern industrial economies.

  • Government interventions through policy instruments

are necessary to complement the benefits of market forces for inclusive and sustainable industrial development (ISID).

  • Through its analytical and policy advisory services,

UNIDO provides Member States with necessary tools to shape appropriate industrial strategies and policies.

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8TH MINISTERIAL CONFERENCE OF THE LEAST DEVELOPED COUNTRIES

The Need for Industrial Policies and Strategies in LDCs

  • To guide the shift from low to high productivity sectors

with factors of production moving accordingly.

  • To address low manufacturing value-added, technology

and digital skills gaps, environmental challenges, vulnerability to external shocks, shifted donor priorities, low levels of FDI and blended financing.

  • Lack of leadership and ownership, weak institutional

capacity, and insufficient private-public sector dialogue could result in flawed policy choices.

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8TH MINISTERIAL CONFERENCE OF THE LEAST DEVELOPED COUNTRIES

UNIDO’s Approach for Industrial Policy towards ISID

UNIDO provides support to diagnosis, design, implementation and evaluation stages

  • f

policy development, through capacity development, technical advice and facilitation throughout the process. UNIDO interventions can be described in four phases:

▪ Phase I. Raising awareness and building the skills base; ▪ Phase II. Setting up national intelligence units; ▪ Phase III. Monitoring and evaluation system for industrial policy; ▪ Phase IV. Enhancing the policy ecosystem.

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8TH MINISTERIAL CONFERENCE OF THE LEAST DEVELOPED COUNTRIES

UNIDO Industrial Policy Projects

  • Central

African Economic and Monetary Community (CEMAC): diagnostic assessments of the industrial sector and the institutional capacities of each of the countries.

  • Cambodia:

Support the government by strengthening industrial capacity, to monitor and implement its Industrial Development Policy (IDP) 2015-2025.

  • Tanzania: UNIDO is collaborating with Zanzibar to

develop a Zanzibar-specific policy for industrial development.

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8TH MINISTERIAL CONFERENCE OF THE LEAST DEVELOPED COUNTRIES

In summary, we need to continue:

  • Develop and implement industrial policies in a country-specific

context;

  • Strengthen

industrial governance for monitoring and implementation;

  • Enhance skills and capabilities of policy-makers and civil servants;
  • Facilitate

private sector participation in formulation and implementation of industrial policy;

  • UNIDO: strengthen the analytical foundation of the Programme for

Country Partnership (PCP), the UNIDO tool to support countries achieving ISID, through delivering country diagnostic.

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8TH MINISTERIAL CONFERENCE OF THE LEAST DEVELOPED COUNTRIES

Thank you.