UN extends Nepal’s LDC graduation preparatory period until November 2029
Summary
The UN General Assembly has extended Nepal’s preparatory period for graduation from Least Developed Country status until November 24, 2029. The decision gives Nepal more time to strengthen economic resilience, implement its transition strategy and prepare for the loss of LDC support measures.
Key Points
- The UN General Assembly unanimously extended Nepal and Bangladesh’s preparatory period for LDC graduation by three years, until November 24, 2029.
- Nepal had been scheduled to graduate in November 2026, but it said it needed more time to build economic resilience and institutional preparedness.
- The government warned that graduation could hurt exports, remittances and employment without stronger transition measures.
- Nepal plans to use the extra time to implement its Smooth Transition Strategy and prepare for the withdrawal of LDC-specific support measures.
