Bangladesh to migrate to developing countries in March !

Bangladesh is likely to be graduated from the least developed country (LDC) status in the next triennial review meeting of the UN Committee for Development Policy (CDP) in February this year, said Finance Minister AHM Mustafa Kamal on Wednesday.

“We hope that we’ll graduate from the LDC status and thus march towards a developing nation,” he said.

The Finance Minister was briefing reporters virtually after chairing two separate meetings on the Cabinet Committee on Economic Affairs and the Cabinet Committee on Government Purchase (CCGP), reports BSS.

Bangladesh is going to get recommended for the 2nd time for fulfilling the criteria of graduating from the LDC status in the triennial review meeting of the UN-CDP to be held in February 2021.

Kamal said upon fulfillment of some criteria, the UN CDP in a triennial review meeting give recommendations for graduation of a country to an upper level from the lower level.

He said if a country could pass two consecutive assessments by the UN CDP, then it gets recommended for graduation.

Bangladesh was recommended for LDC graduation by the CDP in its triennial review in 2018 as the country met the graduation criteria in Gross National Income (GNI) per capita, Human Assets Index (HAI), and Economic Vulnerability Index (EVI), he added.