With LDC graduation coming up, Bangladesh is entering a new chapter in its development journey.

Bangladesh is set to graduate from the least-developed country (LDC) club next year, which will bring several challenges in international trade.

Professor Muhammad Yunus, chief adviser of the interim government, yesterday instructed his cabinet colleagues to prepare for Bangladesh’s status graduation from a least developed country (LDC) to a developing nation in November 2026, effectively doing away with all speculation.

We must build domestic institutions and strengthen negotiation capacity to leverage opportunities after LDC graduation.

The decision on whether Bangladesh will graduate to the developing country bracket in 2026 will be taken shortly, said the finance adviser to the interim government yesterday.

Bangladesh could get $3 billion in budgetary support under an Asian Development Bank (ADB) and World Bank (WB) arrangement for energy and power sector reforms and the upcoming status graduation from a least developed country (LDC) to a developing nation in 2026.

Bangladesh’s graduation from the group of least-developed countries (LDCs) to a developing nation in 2026 has become a point of national pride, underlining the substantial economic strides that the country has made.

It is now more or less recognized that Bangladesh is one of the world’s fastest-growing and relatively more resilient economies.