ঢাকা, সোমবার ২২শে অক্টোবর ২০১৮ , বাংলা - 

Country to celebrate graduation from LDC tomorrow

Staff Correspondent।। dhakapress24.com

বুধবার ২১শে মার্চ ২০১৮ রাত ১১:২৪:৪২

All is set to celebrate tomorrow the historic achievement of the current  government in making Bangladesh eligible for graduating from the group  of Least Development Countries (LDCs).


  The Committee for Development Policy (CDP) of the United Nations on  March 15 officially declared the eligibility of Bangladesh for  graduating from the LDCs and handed over a formal letter in this regard  to Bangladesh's Permanent Representative to the UN Masud Bin Momen on  the following day.


  Last year in October, the United Nations Conference on Trade and  Development (UNCTAD) in a report projected that Bangladesh would qualify  primarily to graduate from the LDCs list in this March as the country  already fulfilled all the three criteria to become eligible for the  developing country status.


  The three criteria are Gross National Income (GNI) per capita, Human  Assets Index (HAI) and Economic Vulnerability Index (EVI).


  According to the UN's graduation thresholds, GNI per capita of a  country should be $1,230 or above. Bangladesh's GNI per capita was  $1,610 at the end of 2016-17 financial year.


   For the HAI, a country must score 66 or above and for EVI 32 or  below. Bangladesh scored 72.9 and 24.8 in the two indices respectively.


  Bangladesh, however, will have to maintain the thresholds for the  three indices till the country's final graduation from the LDC category,  which the UN will declare in 2024.


  The government has taken all out preparation for a gala celebration as  Prime Minister Sheikh Hasina will officially announce the beginning of  the process of the country's prestigious graduation from the LDCs.


  On the eve of the celebration, President Abdul Hamid and Prime  Minister Sheikh Hasina gave separate message, felicitating the  countrymen for their contributions to attain the great honour for the  country. They also hoped that the people would continue their efforts  and supports to keep this development sustainable.


  Prime Minister Sheikh Hasina will begin the day's celebration early in  the morning by placing a wreath at the portrait of Father of the Nation  Bangabandhu Sheikh Mujibur Rahman in front of Bangabandhu Memorial  Museum in the capital city.


  Sheikh Hasina will be accorded a reception at the Bangabandhu  International Conference Centre (BICC) in the mid morning for the  significant achievement of her government in attaining the prestigious  status for the nation and the country.


  Besides, jubilant processions will be brought out in the afternoon  from nine places of the capital city. The processions will end at the  Bangabandhu National Stadium where a colourful cultural show will be  held in the evening.


  Similar rallies will also be organised across the country from March  22-28 when ministries will display the government's achievements in  different sectors. The local administration will also organise photo  exhibitions, art competitions, cultural shows, sport events and video  shows on development activities.


  The home ministry has already formed a committee to celebrate the  achievement at all districts maintaining security and safety.


  An international seminar will be held on Friday on the prospect and  challenges of the country's graduation from the LDCs. Finance Minister  AMA Muhith will chair the seminar at the BICC.