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LDC graduation. Seven countries have graduated from least developed country status: Botswana in December 1994. Cabo Verde in December 2007. Maldives in January 2011. Samoa in January 2014. Equatorial Guinea in June 2017. Vanuatu in December 2020. Bhutan in December 2023.
In 2021, the United Nations Committee on Development Policy will consider whether Bangladesh should graduate from ‘least developed country’ (LDC) status. LDC graduation and smooth transition
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Apr 11, 2024 · The World Bank In Bangladesh . Bangladesh has an inspiring story of growth and development, aspiring to be an upper middle-income country by 2031. Since 1972, the World Bank has committed more than US$39.5 billion to support Bangladesh’s development journey.
- 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...
Sep 27, 2022 · With a current value of 0.661, it ranks at 129 out of 191 countries and places among medium human-development countries. Bangladesh is also one of South Asia's better performers, with its HDI value above the regional value of 0.632. But additional indices in the report that add equity and sustainability perspectives unmask mixed results.
The Least Developed Countries Report 2021. xii. Least Developed Countries (LDCs) (46 countries) Africa 33, Asia 9, Caribbean 1, Paci c 3. Note: The boundaries and names shown and the designations used on this map do not imply o˜cial endorsement or acceptance by the United Nations. Burkina Faso United Republic of Tanzania Malawi Chad Sudan ...
recovery and strengthen resilience to future shocks. Bangladesh’s expected graduation from the UN’s Least Developed Country (LDC) status in 2026 will present new challenges. Bangladesh will need to strengthen its trade competitiveness, expand bilateral and multilateral free trade agreements, strengthen financial sector stability and
