UN adopts historic resolution to graduate Bangladesh from LDC

The United Nations General Assembly (UNGA) has adopted the historic resolution to graduate Bangladesh from the Least Developed Country (LDC) category, reports BSS.

"What better way to celebrate 50th anniversary of our independence and birth centenary of Bangabandhu (Father of the Nation Sheikh Mujibur Rahman)," Bangladesh Permanent Representative to the UN Ambassador Rabab Fatima tweeted on Wednesday evening (BD time) after the resolution.

She said in her twitter account from New York that it's a fulfillment of national aspiration and Prime Minister Sheikh Hasina's vision 2021.

On November 24, The UNGA adopted the resolution on 'Graduation of Bangladesh, the Lao People's Democratic Republic and Nepal from the LDC category, according to the UN's official website.

The three countries will graduate from the LDC category after an exceptionally extended preparatory period of five years (the standard period is of three years) to enable them to prepare for graduation while planning for a post-COVID-19 recovery and implementing policies and strategies to reverse the economic and social damage incurred by the COVID-19 shock, said the UN.