Sunday, 5 December, 2021

MCCI greets govt for Bangladesh’s LDC-graduation resolution

MCCI greets govt for Bangladesh’s LDC-graduation resolution

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The Metropolitan Chamber of Commerce and Industry (MCCI) heartily felicitates the Bangladesh government on the occasion of the United Nations General Assembly (UNGA) adopting the resolution to graduate Bangladesh from the least developed country (LDC) category.

Under the leadership of the Prime Minister, Bangladesh fulfilled the United Nation's LDC graduation criteria on two consecutive triennial reviews in 2018 and 2021, said a press release, reports BSS.

The decision about UNGA's resolution adoption was taken at the 40th plenary meeting of the 76th UNGA on 24 November 2021. With this, Bangladesh is poised to officially graduate from the LDC category in 2026. The five-year gap allowed will act as the preparatory period for a smooth graduation while simultaneously withstanding and countering the shock arising out of the COVID-19 pandemic and climate-vulnerability through appropriate measures and policies.

MCCI commends the efforts of the Government and all other stakeholders in raising the average income of the hard-working and resilient people of Bangladesh, transforming the country's human resources into valuable assets, and lowering the economic vulnerabilities.

All three are important criteria for assessing LDC graduation suitability of a country. The historic moment came in the auspicious year of Bangladesh's 50th anniversary and Father of the Nation Bangabandhu Sheikh Mujibur Rahman's birth centenary.

This is another milestone in Bangladesh's march towards becoming a developed country by 2041. May Bangladesh draw inspiration from Bangabandhu's life and keep pursuing and achieving such lofty goals one after another.

MCCI is sure that Bangladesh will rise to the challenge and make the best of the new opportunities brought about by the graduation. MCCI congratulates everyone involved in making this achievement a reality.