Bangladesh qualified for ‘Developing Country’ status

Secretariat Correspondent: Bangladesh has fulfilled the eligibility requirements to graduate from ‘Least Developed Country’ to ‘Developing Country’ status.

The Committee for Development Policy (CPD) of the United Nations (UN) gave a letter regarding the declaration of fulfilling requirements to the Bangladesh’s permanent representative to UN Masud Bin Momen on Friday.

Roland Mollerus, Chief, Secretariat of CPD, handed over the  official letter  to Masud Bin Momen at a simple event organized at the Bangabandhu Auditorium of Bangladesh Mission.

According to the UN declaration, Bangladesh met the requirements in March, 2018.
Bangladesh has been on the UN Least Developed Countries (LDC) list since 1975.

Graduation depends upon meeting eligibility criteria scores in Gross National Income (GNI) per capita, the Human Assets Index (HAI) and the Economic Vulnerability (EVI) Index and other country-specific information.

Mentioning that from the war-ravaged country to today’s graduation has been a bumpy ride, Ambassador Masud said it has been possible due to the visionary leadership of Prime Minister Sheikh Hasina.

"Under her leadership, Bangladesh adopted bold and forward-looking development strategies which yielded rapid but inclusive economic growth, structural transformation and remarkable social progress”.

Under Secretary-General and High Representative, United Nations Office of the High Representative for LDCs, LLDCs and SIDS Ms. Fekitamoeloa Katoa 'Utoikamanu,; Chair of CDP Expert Group, Professor Jose Antonio Ocampo Gaviria,  Permanent Representative of Belgium to the United Nations Marc Pecsteen de Buytswerve; Permanent Representative of Turkey to the United Nations Feridun Hadi Sinirlioglu; Assistant Secretary General and Director of the Regional Bureau for Asia and Pacific of UNDP, Haoliang Xu; and Director of UNDP’s Human Development Report Office Dr. Selim Jahan, joined this event and addressed the audience.

risingbd/Dhaka/March 17, 2018/Hasan/Mukul