Chief Adviser to the interim government Professor Muhammad Yunus yesterday called for urgent and coordinated action from all relevant agencies to ensure Bangladesh's smooth and timely graduation from the least developed country (LDC) status.

There is no possibility of reversing the decision to graduate from LDC status, as the chief adviser has instructed all officials to ensure strong monitoring so that every sector remains unaffected, and the maximum benefits are reaped from the transition.

The monster of lawlessness, once unleashed, is not easily contained.

Bangladesh needs effective economic diplomacy to navigate global challenges post-LDC graduation.

The government has proposed removing and reducing import duties and supplementary duties on 282 products in fiscal year 2024-25 as it continues its efforts to prepare the nation for its graduation out of the Least Developed Country grouping.

In light of the upcoming LDC graduation, exporters need to proactively prepare for changes.

The World Trade Organisation’s (WTO) decision to continue LDC-linked trade benefits for graduating least-developed countries will not only help Bangladesh avoid potential export losses for several years beyond 2026 but also allow it to attract much-needed investments, experts said.

Munshi made the comments after a meeting of the commerce ministers of the Commonwealth nations at the Marlborough House in London between June 5 and 6.

Experts say at a seminar

Self-contradictory is what best describes Finance Minister AHM Mustafa Kamal’s fifth budget, and the last of the Awami League-led government’s current term.

The government will soon find an alternative for cash subsidies on export so that local exporters can remain competitive even after Bangladesh graduates from the list of least developed countries (LDCs) in 2026, according to experts.

The lobbying will start from next month

Bangladesh needs proper macroeconomic management to avoid middle income trap

Bangladesh and other graduating least-developed countries (LDCs) might not have received a clear-cut extension of the current duty-free trade benefit at the ministerial conference of the World Trade Organization (WTO) that concluded today (June 17, 2022), but their demand was recognised at the declaration.

“Per capita income is the income that is not seen by mass people but built on a few people.”

Bangladesh has successfully met all three criteria for LDC graduation in the first review in March 2018. It is expected that Bangladesh will be able to meet the graduation criteria in the second review in 2021 and will finally graduate from the LDC status in 2024.

The government chalks out a two-day programme from today to celebrate the country's eligibility to graduate to a developing country from a least developed one.

The outlook for the United Nations' (UN) list of least developed countries (LDCs) is finally looking optimistic after 47 years of lacklustre performance since the category's establishment in 1971. There have been 52 inclusions and only five graduations to date according to the UN Committee for Development Policy's (CDP) triennial reviews. Bangladesh, an LDC, remains on track for graduation.