UNGA adopts resolution to graduate Bangladesh from LDC category
News Desk || risingbd.com
The United Nations General Assembly (UNGA) has adopted a historic resolution to graduate Bangladesh from the least developed country (LDC) category.
The decision was taken at the 40th plenary meeting of 76th UNGA on Wednesday.
Bangladesh's permanent representative to the UN Rabab Fatima tweeted on Wednesday.
In a tweet, Bangladesh's Permanent Representative to the UN Rabab Fatima said “UNGA adopts historic resolution to graduate Bangladesh from the LDC category. What better way to celebrate 50th anniversary of our independence & birth centenary of Bangabandhu! Fulfillment of national aspiration & HPM's vision 2021! Joy Bangla.”
The UN General Assembly also adopted resolution for LDC graduation of the Lao People's Democratic Republic and Nepal at the same meeting.
The UN gave the countries five years, instead of three, to prepare for the graduation to a developing country. Hence, the decision will come into effect on November 24, 2026.
In the statement, the UN said: “The three countries will graduate from the LDC category after an exceptionally extended preparatory period of five years (the standard period is of three years) to enable them to prepare for graduation while planning for a post-Covid-19 recovery and implementing policies and strategies to reverse the economic and social damage incurred by the Covid-19 shock.”