As per the UN’s graduation threshold, per capita income of $1,230 is the minimum requirement for transitioning into a developing nation. LDC graduation: A remarkable achievementEconomists and trade experts described the country’s eligibility for graduating from the LDC status as a remarkable achievement in its history of economic development. Among the 47 LDCs, Bangladesh alone holds 19% share of GDP, 17.3% of total population, and 13.6% of exports. Speaking to the Dhaka Tribune, CPD Research Director Khondaker Golam Moazzem said: “Graduation from the LDC status is definitely a matter of pride and dignity for the nation. LDC graduation: An outcome of the government’s development initiativesBangladesh’s graduation from the LDCs’ group is an outcome of the government’s continuous development initiatives, while the private sector, especially export-oriented industries and non-government organizations, played a vital role in helping the country achieve its goals, experts said.

Source: Dhaka Tribune March 21, 2018 20:26 UTC