Least Developed Countries ready to make demarche due to inability of Global North to negotiate

Representatives of the Least Developed Countries (LDC) express clear disagreement with the results of negotiations on the New Collective Quantitative Goal (NCQG), Report informs via ANewz TV.

Representatives of the LDC (Least Developed Countries) bloc criticized the proposed text, stating:

“Our priorities have not been taken into account. At the moment, we cannot engage on this text.”

Bolivia’s (Leading the Like-Minded Developing Countries, LMDC) representative delivered one of the harshest critiques, describing the figures as both inadequate and offensive:

“A $250 billion target is not a joke—it’s an insult. Even $300 billion is unacceptable. The figure should be at least $500 billion.”

The delegate continued with extensive paragraph-by-paragraph critiques of the text, highlighting the perceived shortcomings in its structure and commitments.

India aligned with Bolivia’s stance, insisting that the NCQG must reach at least $500 billion annually to meet the needs of developing nations.

The African bloc echoed similar frustrations, emphasizing that their suggestions had been ignored. A representative restated their core demands, expressing clear dissatisfaction with the revised draft.