28 February 2021 BANGLADESH on Friday night received recommendation by the United Nations Committee for Development Policy (UN-CDP) to graduate from the status of least developed countries after a five-day meeting of the UN committee, says Taffere Tesfachew, chief of the CDP subgroup on LDCs. Bangladesh, for the second time, met all the three eligibility criteria for graduation involving income per capita, human assets, and economic and.
Bangladesh gets UN recommendation for graduating from LDC status
BSS
27th February, 2021 12:30:18
The United Nations Committee for Development Policy (UNCDP) has recommended Bangladesh’s graduation from the Least Developed Country (LDC) status for fulfilling its all three eligibility criteria for the second time alongside Nepal and Lao PDR.
Taffere Tesfachew, chair of the CDP subgroup on LDCs, revealed the decision of recommendation at a briefing last night after the second triennial review of the UNCDP’s LDC category.
The five-day review meeting was held on February 22-26.
Bangladesh has met, for the second time, all the three eligibility criteria of graduation like income per capita, human assets, and economic and environmental vulnerability.
Becoming A Developing Nation: Bangladesh reaches A Milestone
UN gives final nod to country’s graduation from LDC status; transition period extended to 2026
Bangladesh has stepped into a new journey as it qualified to graduate into a developing nation from a Least Developed Country (LDC) after 45 years.
The United Nations Committee for Development Policy (UN CDP) recommended the graduation in its final evaluation on Friday.
Bangladesh is scheduled to officially become a developing country in 2026 as the UN committee recommended that the country should get five years, instead of three, to prepare for the transition due to the impact of the Covid-19 on its economy.
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