UN extends LDC graduation timeframe for Nepal and Bangladesh
Summary
The United Nations General Assembly has extended Nepal and Bangladesh’s preparation period for graduating from least developed country status until November 24, 2029. Nepal says the extra time will help it carry out structural reforms, strengthen institutions, and advance economic and social transformation.
Key Points
- The UN General Assembly unanimously extended the LDC graduation preparation period for Nepal and Bangladesh until November 24, 2029.
- The decision was made at the UN’s 81st General Assembly meeting, according to Nepal’s Permanent Mission to the UN in New York.
- Nepal says it will use the extra time to improve production capacity, strengthen institutions, and drive economic and social transformation.
