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Bangladesh’s LDC graduation, to take effect from 2024, needs to be celebrated as a recognition of the country’s remarkable progress on many fronts over the past years. At the same time, there is no denying the fact that graduation will entail a number of new
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The robust external sector performance has been a strong pillar on which Bangladesh’s impressive macroeconomic stability and growth of recent years was founded. The strong performance was underwritten by several factors.
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Bangladesh has become eligible for LDC graduation at the triennial review of the Committee for Development Policy (CDP) held in March 2018 by meeting the thresholds for graduation: Gross National Income (GNI) per capita, the Human Assets Index (HAI) and the Economic Vulnerability Index (EVI). Bangladesh has been able to satisfy all the three graduation criteria and that also with significant comfort margins.
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Bangladesh is well-poised to be considered for graduation from the LDC group at the next review of the UN's Committee for Development Policy (CDP) in March 2018.
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The 11th Ministerial Conference of the WTO (WTO MC11) is going to take place in Buenos Aires, Argentina between December 10-13.
