Global Net Report: DHAKA, Feb 27, 2021 (BSS) – The Committee for Development Policy (CDP) of
United Nations (UN) has recommended Bangladesh’s graduation from the Least
Developed Country (LDC) status for fulfilling all three eligibility
criteria for the second time alongside Nepal and Lao PDR.
Taffere Tesfachew, chair of the CDP subgroup on LDCs, revealed the decision
of recommendation at a briefing last night after the second triennial review
of the UNCDP’s LDC category.
The five-day review meeting was held on February 22-26.
Bangladesh has met, for the second time, all the three eligibility criteria
of graduation like income per capita, human assets, and economic and
environmental vulnerability.
Myanmar also met the graduation criteria for the second consecutive time.
But, the UN CDP, however, deferred the decision on Myanmar and Timore-Leste to
the 2024 triennial review.
The UN panel deferred recommending Myanmar for graduation due to concerns
on negative impacts of the state of emergency declared by the military on its
development trajectory and graduation preparation.
The UN panel also deferred recommending Timore-Leste due to continued
concerns about the sustainability of the country’s development progress.
For the first time, no country was found eligible for inclusion in 2021.
After the recommendation by the UN committee for Bangladesh to become a
developing nation, the proposal will be sent to the United Nations Economic
and Social Council (ECOSOC) for endorsement in June.
The UN General Assembly is scheduled to approve the proposal in September
this year.
In view of the impact of the Covid-19 pandemic on the economy, the CDP
recommended that Bangladesh and two other countries get five years, till
2026, to prepare for the transition to a developing country instead of three
years.
Bangladesh was well ahead in the gross national income (GNI) criterion: its
per capita income was nearly US$1,827 in 2020 against the threshold of
US$1,230.
In the Human Assets Index (HAI), the country’s (Bangladesh) score stands at
75.3 points, well above the required score of 66.
In the Economic Vulnerability Index (EVI), the score of a country has to be
less than 32 while Bangladesh’s score is 27.3 points.
