‘There are possibilities to LDC graduation as well as challenges’

There are difficulties to the graduation from Least Developed Country (LDC) status for Bangladesh, however there are potential outcomes too, Finance Minister Abul Maal Abdul Muhith said today. 

To use the potential outcomes, we have to needs work over the nine years travel period, the priest said at a question and answer session held at the back service early in the day. 

There are difficulties to the graduation from Least Developed Country (LDC) status for Bangladesh, however there are potential outcomes too, Finance Minister Abul Maal Abdul Muhith says amid a question and answer session. Photograph: Rejaul Karim Byron/Star 

The priest said there will be exceptional projects on March 22 and March 23 to commend the LDC graduation of Bangladesh. 

"In the year 2041, our objective will be to enable different nations to like we get help now (from different nations)," the priest told writers at the public interview. 

"By moving on from LDC, we are arranging for space so alternate nations in need can get these advantages," the clergyman included. 

"World Bank is remembering us as a lower Middle Income Country. We didn't pick it ourselves. For this, our minimal effort advance offices will abatement and subsequently we must be cautious while tolerating advances later on," said Muhith. 

State Minister for Finance MA Mannan, Prime Minister's Chief Coordinator identified with SDG Abul Kalam Azad, Principal Secretary Nozibur Rahman and Economic Relations Division Secretary Shafiqul Azam were available among others at the question and answer session. 

After the graduation from the LDC in 2024, there will be an effortlessness time of an additional 3 years when Bangladesh can appreciate all LDC-particular advantages. 

Along these lines, there are around 10 years for the nation to set itself up to begin the new voyage. Bangladesh needs to plan for a smooth graduation by considering a couple of issues.