DHAKA, Feb 28 (NNN-BSS) – Bangladeshi Prime Minister, Sheikh Hasina, termed the United Nations’ recommendation for the country’s graduation, from the group of least developed countries (LDCs), to a developing nation, as a “historic” event.
Sheikh Hasina made the remarks while holding a press conference, virtually, in the capital Dhaka, about the UN recommendation for graduating from LDC status.
“It’s a historic event for Bangladesh,” said Hasina, adding that, the transition from an LDC country to a developing nation, is a matter of great pride for them on the occasion of the golden jubilee of Bangladesh.
The United Nations Committee for Development Policy (CDP), recommended Bangladesh’s graduation from LDC status, along with Nepal and Laos.
Taffere Tesfachew, chair of the CDP subgroup on LDCs, made the announcement at a briefing, Friday night, after the second triennial review of the LDC category of UN CDP.
Bangladesh met all the three eligibility criteria for graduation, involving income per capital, human assets, as well as, economic and environmental vulnerability.
With the final recommendation from the UN panel, Bangladesh has now a five-year transition period, meaning the country will formally earn the developing nation status in 2026.– NNN-BSS
