The United Nations General Assembly has adopted a historic resolution to include three countries, including Bangladesh and Nepal, in the list of developing countries from the category of Least Developed Countries (LDCs). This is an important achievement showing the progress of these countries. The United Nations General Assembly (UNGA) adopted this resolution in its 76th session. The three countries that have received approval for the status hike are Bangladesh, Nepal and Laos.
The United Nations said in a statement on Wednesday that the three countries would upgrade from the LDC category after an extraordinarily extended initial period of five years (the standard period is three years). This status has been raised amid better implementation of policies and strategies to bring the economy back on track after the pandemic despite the economic and social shocks arising out of the situation of Kovid-19.
‘What could be better than this on the 50th anniversary of independence?’
Bangladesh’s Permanent Representative to the United Nations, Rabab Fatima, tweeted on Wednesday, “UNGA adopts historic resolution to remove Bangladesh from LDC category.” What better way to celebrate the 50th anniversary of our independence and the birth centenary of ‘Bangabandhu’. National aspiration is being fulfilled and this is Prime Minister’s vision-2021. Fatima thanked all member states, especially development partners, for their support in reaching a consensus on adopting the resolution.
Dream of making a developed country by 2041
According to ‘bdnews24.com’, Fatima said, ‘Prime Minister Sheikh Hasina has envisioned to turn Bangladesh into a middle-income country by 2021 and a developed country by 2041. He has led us on this exciting journey despite the unprecedented challenges posed by the COVID-19 pandemic. According to the United Nations Committee for Development Policy (CDP), there are currently 46 countries in the LDC category. According to the United Nations, to be considered a developing country, the per capita income of a country should be 1230 US dollars.
Bangladesh’s poverty rate was 83% in 1975
The newspaper ‘Daily Star’ quoted Finance Minister AHM Mustafa Kamal as saying, ‘This is a historic milestone for the development journey of Bangladesh. It is a reflection of the progress of more than a decade. People from all walks of life are part of this success. When Bangladesh was included in the LDC group in 1975 by the United Nations, the country’s poverty rate was 83 percent. The poverty rate has declined over the years and was 20.5 per cent in 2019-20 before the COVID-19 pandemic.
Nepal fulfilled the criteria for the second time
Bangladesh is now officially set to become a developing country in 2026 after a UN committee recommended that the country should get five years instead of three to prepare for the transition due to the impact of COVID-19 on its economy. Nepal has met all three eligibility criteria for developing country status for the second time in terms of per capita income, Human Wealth Index (HAI), and Economic and Environmental Risk Index (EVI). Nepal was included in the LDC category in 1971. The LDC category consists of countries that face severe structural constraints to achieve sustainable development.