The United Nations General Assembly has adopted a historic resolution to include Bangladesh, Nepal and Laos in the list of developing countries from the category of least developed countries. UNGA accepted this proposal in its 76th session.
The United Nations General Assembly (UNGA) has accepted a historic resolution to include Bangladesh, Nepal and Laos in the list of developing countries from the category of Least Developed Countries (LDC). This is an important achievement showing the progress of the three countries. The UNGA accepted this proposal in its 76th session.
The United Nations said in a statement on Wednesday that these countries have been given five years (the standard period is only three years) to prepare on various fronts. In the year 2026, they will join the developing countries. This status has been increased amidst better implementation of measures, policies and strategies to bring the economy back on track despite the economic and social shocks arising out of the situation of covid-19.
UNGA passed resolution
Rabab Fatima, Bangladesh’s Permanent Representative to the UN, tweeted, “UNGA has passed a historic resolution to remove Bangladesh from the LDC category. What better way to celebrate the 50th anniversary of our independence and the birth centenary of Bangabandhu.
Poverty rate declined
BD news-24.com quoted Fatima as saying, “Prime Minister Sheikh Hasina envisions turning Bangladesh into a middle-income country by 2021 and a developed country by 2041.” When Bangladesh was included in the LDA group in 1975 by the UN, the country’s poverty rate was 83 percent. The poverty rate has declined over the years. Before the Kovid-19 epidemic, this rate was 20.5 percent in the year 2019-20.
Nepal completed its eligibility for the second time
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 the year 1971. This category consists of countries that are facing serious structural constraints to achieve sustainable development.