Unctad report sheds positive light

According to a United Nations Conference on Trade and Development (Unctad) report on Least Developed Countries (LDCs) for 2011, Bangladesh has done better than many other countries in this category in terms of overall development.
The report states however that in order for Bangladesh to achieve the status of a developing country, it needs to increase per capita gross national income (GNI) and human assets index, which is basically an indicator to measure nutrition, health, adult literacy and secondary school enrollment rate.
What is important to note is that in spite of the current global economic gloom, the Bangladesh economy has fared reasonably well. The country has definitely demonstrated resilience during the global recession and has achieved a satisfactory level of real GDP per capita when compared to many other LCDs. Bangladesh's performance in the economic vulnerability index and the reduction in external debt-GDP ratio augur well. These will have to be further improved to move to the next stage of development.
The Centre for Policy Dialogue (CPD) suggests further south-south cooperation in order to attain a higher level of development. In this respect, Unctad also recommends increasing trade and investment through south-south cooperation in order to increase production capacities.
It is indeed a positive step that Bangladesh is one of the top recipients of remittance and the biggest exporting country among the LCDs, along with Angola, Myanmar, Sudan, Yemen and Equatorial Guinea.
We add however that the political uncertainties of Bangladesh will have to be fended off for economic indicators to stabilise and prosper further.