UN extends Nepal's LDC graduation deadline to 2029
Summary
The United Nations General Assembly has extended Nepal’s Least Developed Country graduation preparation period until November 24, 2029. Nepal says the extra time will be used for structural, economic and institutional reforms to ensure a smooth and sustainable transition.
Key Points
- The UN General Assembly unanimously approved extending Nepal’s LDC graduation preparation period until November 24, 2029.
- This is Nepal’s second extension, after an earlier one in 2018 following the 2015 earthquake’s economic impact.
- Nepal plans to use the additional time for structural, economic and institutional reforms.
- Officials say the extension will help make Nepal’s graduation sustainable and reduce transition vulnerabilities.
