UN General Assembly Extends Nepal’s LDC Graduation Preparation Period to 2029
Summary
The UN General Assembly has unanimously extended Nepal and Bangladesh’s preparation period for graduation from the Least Developed Country category until November 24, 2029. Nepal says the extra time will help it strengthen institutions, boost productive capacity and carry out its smooth transition strategy.
Key Points
- The UN General Assembly unanimously approved an extension of the LDC graduation preparation period for Nepal and Bangladesh until November 24, 2029.
- The decision was adopted during the 81st session of the UN General Assembly at UN Headquarters in New York.
- Nepal plans to use the additional time to strengthen institutions, enhance productive capacity and implement its Smooth Transition Strategy.
- The extension is intended to help Nepal complete a smooth and sustainable graduation from the LDC category.
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