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11 March, 2018 00:00 00 AM
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graduation from LDC

CPD for strategy to face challenges

BSS

Bangladesh needs to formulate a strategy to ensure its successful graduation from the LDC group as such graduation is going to take place at a time when the global and regional situation is not favourable, said Centre for Policy Dialogue (CPD), a think tank, reports BSS. "A strategy should be made to face the challenges because after the graduation from LDC group Bangladesh will have to take foreign loans at high interest rates. Steps will have to be taken to boost productivity as the overall international trade facilities will come down," said CPD's distinguished fellow Debapriya Bhattacharya while speaking at a dialogue yesterday. CPD organised the dialogue on Bangladesh Graduation from LDC Group:Pitfalls and Promises with its chairman Prof Rehman Sobhan in the chair. According to the report of UN Committee for Development Policy (CDP), Bangladesh will qualify primarily to graduate from the LDC list this month, it will be able to maintain the three graduation criteria up to 2021 and it will be able to come out completely from the LDC list in 2024.

Despite the graduation from LDC status in 2024, Bangladesh may enjoy LDC preferential treatment up to following 2027 to help with her smooth transition.

Rehman Sobhan said graduation from LDC group is not enough. Achieving sustainable graduation is important, he added. Citing examples, he said, some countries faced severe problems after their graduation from the LDSC group. There countries which have so far graduated have no entrepreneurs and an active labour force, he said, adding that the Maldives is dependent on tourism only.

Gowher Rizvi, international affairs adviser to the prime minister, said Bangladesh is making excellent progress in all areas but still there is disparity in the society. The government has been working relentlessly to eliminate poverty and it will have to work more to make the country free from poverty, he added.

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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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