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bangladesh: UN upgrades Nepal & Bangladesh to group of growing nations


DHAKA: The UN Normal Meeting has adopted a historic decision to graduate three nations, together with Bangladesh and Nepal, from the least developed nation (LDC) class to the growing nation grouping, a significant milestone demonstrating the international locations’ vital improvement progress
The UNGA adopted the decision at its 76th session. The three international locations that obtained clearance for commencement are Bangladesh, Nepal and the Lao Individuals’s Democratic Republic. “
“The three international locations will graduate from the LDC class after an exceptionally prolonged preparatory interval of 5 years (the usual interval is of three years) to allow them to organize for commencement whereas planning for a post-Covid-19 restoration and implementing insurance policies and techniques to reverse the financial and social injury incurred by the Covid-19 shock,” the UN stated on Wednesday.
“UNGA adopts historic decision to graduate Bangladesh from the LDC class. What higher solution to have fun the fiftieth anniversary of our independence… Achievement of nationwide aspiration and PM’s imaginative and prescient for 2021,” Bangladesh’s everlasting consultant to the UN Rabab Fatima tweeted on Wednesday.
“This can be a historic milestone to the event journey of Bangladesh. That is the reflection of the progress for greater than a decade. Individuals of all walks of life are a part of this success,” finance minister AHM Mustafa Kamal was quoted as saying by Day by day Star newspaper on Thursday.
At present, there are a complete of 46 international locations on the LDC record, in response to the UN Committee for Growth Coverage (CDP). In response to the UN, per capita revenue of $1,230 is without doubt one of the necessities for transitioning right into a growing nation. pti





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