Developing country status within reach
14th January, 2021 12:10:03
Bangladesh’s graduation to the developing country status from the present LDC rank is now a matter of time only. However, every thing depends on the outcome the upcoming triennial review of the country’s performance records in necessary socio-economic arenas by the Committee for Development Policy (CDP) of the United Nations. The UN’s formal declaration in this regard is likely to be made some time within next four to five years.
It is known to all that such a graduation of any country is subject to the fulfilment of three criteria viz. GNI per capita, economic and environmental vulnerability as well as human asset indices. It may be remembered that Bangladesh successfully met all the criteria for graduation to the next level for the first time in 2018 and, given the track records after that, is also sure to meet it for the second consecutive time at the February review meet of the CDP.