ERD to celebrate LDC graduation today

The Economic Relations Division will organise an event today at the Bangabandhu International Conference Centre in the capital to celebrate Bangladesh’s graduation from the Least Developed Country status.

Prime Minister Sheikh Hasina will grace the occasion as the chief guest. Finance Minister AHM Mustafa Kamal will chair the event.

Bangladesh met all the criteria for LDC graduation for the second consecutive time during the latest triennial review of the Committee for Development Policy (CDP) of the United Nations back in February 2021.

CDP also recommended providing an extended preparatory period of five years for Bangladesh spanning from the year 2021 to 2026.

The recommendation had been duly endorsed by the Economic and Social Council (ECOSOC) of the United Nations on June 8, 2021.

Consequently, United Nations General Assembly adopted the resolution of ECOSOC’s recommendation for Bangladesh’s LDC graduation on November 24, 2021.

Following the five year long period recommended by the United Nations, Bangladesh will formally graduate from the LDC category in November 23, 2026.

It is notable that Bangladesh is the only country that has been recommended for LDC graduation by fulfilling all three criteria set by the United Nations.

ERD officials said Bangladesh has been recommended for graduation at a time when the whole country is celebrating fifty years of its independence as well as the birth centennial of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman.

Graduation from LDC status is a testimony to the incredible socioeconomic progress that has taken place under the prudent leadership of the Prime Minister Sheikh Hasina.