Prime Minister Sheikh Hasina will hold a virtual press conference with the journalists present at the edge of the Prime Minister’s Office from Ganobhaban on the occasion of getting the final recommendation of the United Nations for Bangladesh to move from least developed to developing country.
Bangladesh, which has been in the least developed country Qatar since 1985, fulfilled all the conditions of CDP in 2017 to become a developing country. According to UN rules, if a country is able to meet the criteria for crossing in two consecutive triennial reviews, it gets the final recommendation for crossing from the least developed country.
The triennial review meeting of the UN Committee for Development Policy or UN-CDP began in New York on February 22. The final decision is expected to come late Friday night after a second round of review.
The CDP reviews migration from LDCs on the basis of three indicators. Bangladesh has come a long way in fulfilling the conditions in all the three indices.
The per capita income of a developing country is at least 1230 US dollars, Bangladesh in 2020 the per capita income of Bangladesh was 1628 dollars. Developing countries need 8 points in the human resource index; Bangladesh’s points are now 65.3.
If a country has more than 36 points in the economic fragility index, that country is included in the LDC, after reaching 32, the developing country qualifies. Bangladesh’s point there is now 25.2.
According to CDP regulations, a country can enjoy a preparation period of three to five years after receiving a pass recommendation.
The Bangladesh delegation asked the CDP for five years to prepare for the coronavirus epidemic to make the transition process sustainable and smooth.
Now that the final recommendation for the passage is received, at the end of the five-year preparation period, the official passage will take place in the developing countries of Bangladesh in 2026.
Bangladesh will lose cheap loans and various export benefits if it joins Qatar as a developing country. As a result, Bangladesh wanted those facilities in the preparation phase.
At this time of preparation, Bangladesh will be able to enjoy all the benefits of being a least developed country. Moreover, under the current rules, Bangladesh will be able to enjoy duty-free access to the EU market for another three years after 2026, i.e. until 2029.
Bangladesh is about to receive a final recommendation for transition from a least developed country at a time when the nation is celebrating the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman and the 50th anniversary of independence.
The United Nations classified the world’s least developed countries as Least Developed Countries (LDCs) individually in 1981 based on certain criteria.
In 1981, the number of least developed countries was 25, which now stands at 48. From the least developed countries so far Botswana, Cape Verde, Maldives, Samoa, Equatorial Guinea and Vanuatu have been able to cross.
Source: Bhorer Kagoj by www.bhorerkagoj.com.
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