Bangladesh to be among top 20 countries by 2041: Kamal

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PV Desk : Planning Minister AHM Mustafa Kamal today said the country’s graduation from the LDC to a developing one has made the entire nation proud, saying that Bangladesh will make its place among the top 20 countries by 2041.

“Our target is to place Bangladesh among the top 20 countries by 2041,” he said while addressing a ‘Meet the Press’ at the NEC conference room in the city’s Sher-e-Bangla Nagar area on the graduation of Bangladesh from the LDC status to a developing country.

Kamal said within a period of eight years, Bangladesh has moved up to 43rd place in terms of economy from 58th slot in 2010.

“That means, we’ll have to overtake one country every year to reach the 20th position in the next 23 years….if we can act according to our plan and thus motivate the countrymen, then we’ll be able to attain the goal,” he said.

The Planning Minister said the UN has already said that Bangladesh has fulfilled the eligibility requirements to graduate from ‘Least Developed Country’ to ‘Developing Country’ status.

The UN Committee for Development Policy (CDP) recently gave a letter announcing Bangladesh’s eligibility for graduation to the Bangladesh Permanent Ambassador to the UN Masud Bin Momen in New York.

This begins the graduation process for Bangladesh, which could receive official developing country status by 2024.

According to the UN, Bangladesh met the requirements in March, 2018. Bangladesh has been on the UN Least Developed Countries (LDC) list since 1975.

Graduation of a country depends upon meeting eligibility criteria scores in Gross National Income (GNI) per capita, the Human Assets Index (HAI) and the Economic Vulnerability (EVI) Index and other country-specific information.

Mustafa Kamal, commonly known as Lotus Kamal, said the scores required for graduation from the LDC category are a per capita GNI of $1,230 or above, an HAI of 66 or above and an EVI of 32 or below.