Bangladesh’s readiness to graduate to a developing nation from the group of Least Developed Countries (LDCs) in November this year is weak due to multiple domestic and global challenges, according to a UN assessment released today.
The Graduation Readiness Assessment, prepared by an expert panel of the UN Office of the High Representative for Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS), found that while the country meets the graduation criteria, significant risks remain.
These include the loss of trade preferences, macroeconomic pressures, fiscal and financial vulnerabilities, climate risks, and weak institutional coordination.
