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Bangladesh will Retire from LDC in 10 yrs.

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Bangladesh won't be an LDC after 10yrs

Saturday, May 14, 2011
Bangladesh won't be an LDC after 10yrs
Says UN official
Afp, Istanbul

Bangladesh and Nepal are expected to graduate from the status of least developed countries (LDCs) within the next 10 years.

Cheick Sidi Diarra, the secretary general of the Fourth UN Conference on the LDCs, said this during a press conference on the closing day of the gathering yesterday.

“Samoa, Tuvalu and Vanuatu, three Pacific small islands are already in line for graduation in coming three to five years,” the UN official said.

“We have five or six countries that are lining up already for graduation,” Diarra said, adding three oil-producing countries to the list: Equatorial Guinea, Angola and Timor-Leste.

“They are still weak in terms of human capital development,” he said, although their per capital income exceeded the threshold set by the UN.

But the secretary general said they believe they would reach the level of graduation during a decade long course of the new action plan that is adopted in the conference.

However, Diarra said they “expect in near future” a new country to have the status of LDC, meaning South Sudan after it is recognised as a country and become a UN member state.

The conference in its new Istanbul Action Plan aims half the number of LDCs to meet the criteria for graduation by 2020. Only three countries managed to graduate so far.

LDCs countries--33 from Africa, 14 from Asia plus Haiti--are defined as those with a per capita income of less than $745 a year.

The UN-backed conference takes place every ten years. France hosted the first two in 1981 and 1990. The third was held in Brussels in 2001.
 
currently, bangladesh's GDP per capita is $638. I dont think it will take 10 years for us to improve our GDP per capita to more than $745
 
currently, bangladesh's GDP per capita is $638. I dont think it will take 10 years for us to improve our GDP per capita to more than $745

It is $750 this year. By per capita Bangladesh is well out of LDC since long when in 2005 they increased the threshhold of LDC's per capita GDP.

Its not only the per capita but also the size of the economy, human development index etc counts. Above all, you got to declare yourself as LDC. If BD does not want to stay as LDC they can just get out of it.

PS: India/Pakistan was never in LDC even though their per capita income crossed LDC threshold only recently.
 
It is $750 this year. By per capita Bangladesh is well out of LDC since long when in 2005 they increased the threshhold of LDC's per capita GDP.

Its not only the per capita but also the size of the economy, human development index etc counts. Above all, you got to declare yourself as LDC. If BD does not want to stay as LDC they can just get out of it.

PS: India/Pakistan was never in LDC even though their per capita income crossed LDC threshold only recently.

However, I have read somewhere that it is $1,100 per capita GDP that is required to get the status of a developing country. But, I wonder why this newspaper has cited a figure of only $750 to reach that goal. It may be mistake, because BD will almost reach that goal by this fiscal.
 
However, I have read somewhere that it is $1,100 per capita GDP that is required to get the status of a developing country. But, I wonder why this newspaper has cited a figure of only $750 to reach that goal. It may be mistake, because BD will almost reach that goal by this fiscal.

India had a per capita of 150 dollar yet it was never been in LDC. You have to declare yourself as LDC. Once you reach that threshold you may be kicked out of LDC club untill you show other reason to stay there.
no its not 1100 dollar rather i seen somewhere it was made 950 dollar. Then again PPP will be another factor. We halved PPP factoring by half only to stay with the status of LDC.
 
India had a per capita of 150 dollar yet it was never been in LDC. You have to declare yourself as LDC. Once you reach that threshold you may be kicked out of LDC club untill you show other reason to stay there.
no its not 1100 dollar rather i seen somewhere it was made 950 dollar. Then again PPP will be another factor. We halved PPP factoring by half only to stay with the status of LDC.

When did India have percapita income of 150 dollar? Can you provide the link please.
 

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