Held between 28 and 29 April, the High-Level Conference of Middle-Income Countries (MICs) convened under the theme“Breaking New Grounds: Towards a Strategic Plan of Action for Middle-Income Countries.” The conference recognised that MICs play a vital role in shaping a more equitable and sustainable future amid a rapidly changing global landscape. It issued a call for financial reform, sustainable investment, and for a roadmap to escape the “middle-income trap.” The event concluded with the Makati Declaration on Middle-Income Countries, which calls for the UN to support MICs in accessing development financing (including via innovative financing mechanisms), and to provide support in several areas, ranging from programmes and initiatives to mitigate and adapt to the climate crisis to digital transformation and making countries more resilient to global shocks.
