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Jul 28, 2022 · Bangladesh today is where South Korea was in 1975, when it was on the cusp of a miracle. Several African countries meet or nearly meet Robertson’s criteria for lift-off.
The Least Developed Countries (LDCs) are a group of 45 United Nations Member States characterised by their low socio-economic development and high vulnerability to external shocks.
May 23, 2023 · At the very outset, to what extent the country has developed economically needs to be identified. Bangladesh's economy was valued at $6.2 billion in 1971, and for a long time after gaining independence, Bangladesh was associated with “poverty and less development.”
Jan 21, 2022 · Most of the least developed countries in Africa are in West and East Africa, with the former having a total of 12 countries represented on the list and the latter 11 countries.
- The Opportunities: Branding, Cash Inflow, and Potential Growth
- Major Impairments and Implicating Challenges
- Trade: Lost Opportunities and Market Access
- Financing: Higher Rates, Shorter Tenures
- Development Funds: The Lack Thereof
- The Way Forward: Has The Govt. Taken Initiatives?
- Further Interventions and Policy Measures
Graduating LDC status would tangibly convey economic strength, more capable human resources, and increased resilience to economic and environmental shocks. What these components intangibly bring forth is a revamped brand image for the country. Financing both debt and equity would be more accessible and compliant as the country would be perceived by...
Although this is a noteworthy achievement for Bangladesh, graduating LDC status brings more tangible challenges than benefits. As part of the LDC bloc, the country currently enjoys support measures that can broadly be categorized into three areas – international trade, development assistance, and support in international forums. Upon graduating LDC...
Bangladesh could lose some 14% or USD 5.73 billion worth of export earnings a year following graduation to LDC status.7Possibly the most significant component for the country, Bangladesh continues to enjoy preferential market benefits known as the Generalized System of Preferences (GSP), which includes Duty-Free and Quota-Free (DFQF) access for exp...
Moody’s currently rates Bangladesh as Ba3, considered a ‘junk’ status or ‘high-yielding’, which is considerably below investment grade.13This outlook is likely to shift upward based on the fact that LDC graduates are seen as less risky. However, any upgrade in the credit rating would be reliant on factors like real GDP growth, public debt level, ef...
Bangladesh would be forgoing grants worth USD 700 million over time as it leaves the LDC bloc.18 Upon graduation, the country would lose out on Official Development Assistance (ODA) in the form of foreign grants, development funds, and other relevant technical and infrastructural support from global partners. Developed countries have committed to p...
Although Bangladesh is set for graduating LDC status in 2026, it would still enjoy LDC benefits and support for 3 more years to ensure a smooth transition and preparation. This means there are two stages to the transition: the official leap in 2026, and the actual strike in 2029, giving the country 7 more years to get ready to lose all LDC perks. T...
The Government of Bangladesh has even more scope in terms of intervention and policy measures to enhance international trade and financing opportunities in the post-LDC era. Firstly, the government should opt to ensure more FTAs and PTAs with more trading partners across the international market. Bangladesh already has a competitive advantage in ga...
In 2015, Bangladesh graduated from the World Bank’s classification of low-income country to the lower middle-income country category.
Bangladesh is on the brink of graduating from its Least Developed Country (LDC) category, which will have significant implications for its access to certain International Support Measures (ISMs).
