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November 2026
- Bangladesh is set to graduate from its status as a Least Developed Country (LDC) in November 2026.
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Feb 28, 2024 · The UN General Assembly has rightly set Bangladesh to graduate from the LDC status and officially become a 'Developing Country' by the end of 2026. In 2021, when this decision was made,...
- Atiur Rahman
Nov 27, 2021 · The UN has laid out a five year transition period for Bangladesh, Nepal and Laos to graduate out of the LDC group. (File picture of a street vendor in Bangladesh capital Dhaka) The LDC category identifies countries faced with crushing developmental challenges.
- 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...
Oct 3, 2022 · In November 2021, Bangladesh, Lao PDR, and Nepal officially qualified to graduate out of the least developed countries category by 2026. This was an important development milestone for the three...
Jun 13, 2023 · In view of the likely implications of LDC graduation, Bangladesh will need to make a crucial transition from ISM driven competitive edge to skills-and productivity-driven competitiveness. A sustainable transition from LDC to (non-LDC) developing country status will thus call for appropriate strategies and adequate preparedness to LDC graduation ...
Nov 25, 2021 · The United Nations General Assembly (UNGA) has approved resolution to allow Bangladesh to graduate to the developing county grouping from least developed country (LDC) category 45 years after...
Feb 11, 2023 · As per the decision of the UN General Assembly held in November 2021, Bangladesh is set to graduate out of the group of least developed countries (LDCs) on November 24, 2026, about 50 years...
