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20 February, 2018 00:00 00 AM
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UN lauds Bangladesh for progression towards developing status

Staff Reporter

United Nations Resident Coordinator and United Nations Development Programme (UNDP) Resident Representative in Bangladesh, Mia Seppo, has lauded the country’s progression from a least developed country (LDC) towards a developing one.

“I'd like to congratulate Bangladesh in advance as the country is going to enter the list of developing countries soon,” she said after emerging from a meeting with commerce minister Tofail Ahmed at the Secretariat yesterday. Commerce secretary Shubhashish Bose and other senior officials were also present at the meeting.

Seppo also said that Bangladesh was moving rapidly ahead across its all sectors. “Bangladesh has performed a good job by providing shelter to the Rohingya refugees. The UN is working towards resolving the Rohingya crisis and will continue to make significant progress in performing its role in this regard,” she added.

Echoing Seppo, the commerce minister said: “Bangladesh’s economy, including all its sectors, is moving forward in the proper way.”

“The UN has congratulated Bangladesh in advance, as the nation is soon going to become a developing country,” he added.

He also said that Bangladesh gave shelter to the Rohingya refugees on humanitarian grounds because of their forced eviction by the Myanmar security forces. This gesture evoked praise and help from the international community, he added.

The UN has also awarded Bangladesh for successfully achieving its Millennium Development Goals (MDGs), said Tofail Ahmed.

“Bangladesh is on the right track for achieving its Sustainable Development Goals (SDG) as well. We'll gain access to the Generalized System of Preferences (GSP) after becoming a developing country. Preparations are being made in this regard,” he noted.

Bangladesh was signing bilateral trade agreements with countries that do not provide GSP facilities, he added.

“Bangladesh will earn USD 35 billion by exporting 744 items, including service sector exports, to 199 countries in 2018. The export earnings will stand at USD 60 billion by 2021," the minister predicted.

The foreign currency reserves in Bangladesh Bank stood at USD 33 billion, the commerce minister said, adding that USD 15 billion came in as remittances.

Bangladesh is now a role model for development, Ahmed declared, after having come a long way from its economic state in 1972–73, when Bangladesh’s export earnings had stood at only USD 348.42 million from 25 items exported to 68

countries.

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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