Post-LDC Challenges for Bangladesh Economy
3 Pages Posted: 16 Feb 2018
Date Written: February 6, 2018
Bangladesh reduced poverty rate into 23.2% (up to 2016) whereas it was 31.5% in 2010. At the same period extreme poverty rate declined into 12.9 % from 17.6% in 2010. Per capita income of Bangladesh increased to USD 1610 in 2016-17 fiscal years. Hopefully, Bangladesh could be considered to graduate from the list of LDC in upcoming triennial review meeting of the Committee for Development Policy (CDP) in this year. Second review of the same committee could be in 2021 then we will be observed for another 3 years i.e. up to 2024 to be finally graduated from the LDC club. This graduation is so much expected and welcoming for the whole nation. It will increase value of Bangladesh brands, Bangladeshi passport, and Bangladesh’s position in different global platforms. Therefore every Bangladeshi is expecting this graduation as soon as possible. But before going for final celebration of this achievement we should conduct an impact assessment study by an impartial body to identify possible impact of LDC graduation on Bangladesh economy during next decade.
Keywords: LDC, Least Developed Country, Graduation from LDC
JEL Classification: O11, O12
Suggested Citation: Suggested Citation