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The United Nations Committee on Development Policy (UN-CDP) determined in February 2021 that Bangladesh has satisfied all three requirements to graduate from the category of Least Developed Country (LDC) for the second time.
Cambodia has asked Hungary to provide GSP- (Generalised System of Preferences) Plus facilities for when the Kingdom sheds its least-developed country (LDC) label, as the two countries prepare to hold a second business forum in the second half (H2) of this year to expand trade and investment, according to a Ministry of Commerce statement.
Bhutan is on its way to graduate from the Least Developed Countries (LDC) status by June 2023, according to The Bhutan Live, citing senior officials.
Bhutan is on its way to graduate from the Least Developed Countries (LDC) status by June 2023, according to The Bhutan Live, citing senior officials.
To graduate the status, countries are expected to follow a smooth transition strategy. Macroeconomic stability, product space diversification, and disaster resilience are some of the parameters recommended for inclusion in Bhutan's transition strategy.