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Graduation to Developing status celebration today

Published : 01 Jan 2022 10:05 PM

The government is going to celebrate Bangladesh's graduation from the Least Developed Country (LDC) to a developing country status in the capital today.

In this regard, the Economic Relations Division (ERD) has organized an event on at the Bangabandhu International Conference Centre (BICC) in the capital on Sunday.

Prime Minister Sheikh Hasina will grace the occasion as the chief guest while Finance Minister AHM Mustafa Kamal will chair the event.

Finance Minister AHM Mustafa Kamal made the remarks at a virtual press briefing on Saturday.

He said the Prime Minister would give directions regarding the development of Bangladesh in the future.

Recognizing the transition to developing countries, the minister said, “This is our biggest achievement nationally since independence. This is the achievement of the common people of the country.”

“We will celebrate tomorrow (Sunday) with the participation of all under the leadership of the Prime Minister to make this achievement a success,” he mentioned.

However, Bangladesh met all the criteria for LDC graduation for the second consecutive time during the latest triennial review of the Committee for Development Policy (CDP) of the United Nations back in February 2021.

 CDP also recommended providing an extended preparatory period of five years for Bangladesh spanning from the year 2021 to 2026.

  The recommendation had been duly endorsed by the Economic and Social Council (ECOSOC) of the United Nations on June 8, 2021.

 Consequently, the United Nations General Assembly adopted the resolution of ECOSOC's recommendation for Bangladesh's LDC graduation on November 24, 2021.

Following the five year long period recommended by the United Nations, Bangladesh will formally graduate from the LDC category in November 23, 2026.

Bangladesh is the only country that has been recommended for LDC graduation by fulfilling all three criteria set by the United Nations.

 ERD officials said Bangladesh has been recommended for graduation at a time when the whole country is celebrating fifty years of its independence as well as the birth centennial of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman.

Graduation from LDC status is a testimony to the incredible socioeconomic progress that has taken place under the prudent leadership of Prime Minister Sheikh Hasina.

In this context, the celebration event is being organized to commemorate this historic milestone and also to congratulate and to show gratitude to Prime Minister Sheikh Hasina for paving the way towards a developing nation, they said.

 This event will create massive awareness about this historic national achievement which will act as an inspiration for the whole nation to move forward in the future.

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