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Bangladesh to Retire Shortly from LDC Status: UN

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Dhaka on track to graduate from LDC list: UN

Thursday, 28 March 2013
Author / Source: PTI

DHAKA, Mar 27: Given the remarkable progress made by the country in several key areas of development, Bangladesh is on the track to graduate from the ranks of the least developed countries, the UN Secretary General, Ban Ki-moon, has said. "People of Bangladesh have many reasons to feel positive about their future," Ban said in his remarks yesterday at the special meeting of the UN General Assembly to pay tribute to the memory of the late Bangladesh President Zillur Rahman, who died recently.

"Bangladesh is setting an example on building resilience and disaster preparedness. It is a leader on sustainable development and in seeing great progress in achieving the Millennium Development Goals," he said. "Along with the development in education sector, maternal and child mortality is dropping, and the country is strengthening social protection and improving public services, including sanitation and fresh water," he said.

The UN chief said that the south Asian country has long been a pioneer in micro-credit, and its economy is thriving. "As a result, Bangladesh is on the track to graduate from the ranks of the least developed countries," Ban said.

Noting that Bangladesh is also a leader in women's empowerment, Ban said that he is in particular proud of the efforts of the country's women police officers, who are serving with UN peacekeeping missions.

"They are showing women and men in the countries where they serve that there is nothing that a woman cannot do. Women's empowerment is a top priority for me, and Bangladesh's women - from its Prime Minister Sheikh Hassina, to its police officers are in the vanguard," he said.

At the same time, Bangladesh continues to face serious challenges, he said. "Population growth, inequality, rising food and energy prices and the need to create decent jobs for young people, will all continue to test the country. So too will the challenges of democracy, reconciliation, healing and justice related to the struggle for independence," Ban said.
 
Is this a good thing or bad thing for Bangladesh. Considering removal of LDC tag will mean many trade concessions will go away? I am sure this is good in the long term. What do you think its impact will be in short term.

P.S. This is a serious question so I am expecting only a serious reply. No trolling please.
 
Is this a good thing or bad thing for Bangladesh. Considering removal of LDC tag will mean many trade concessions will go away? I am sure this is good in the long term. What do you think its impact will be in short term.

P.S. This is a serious question so I am expecting only a serious reply. No trolling please.

this is definitely a good thing..this is not something exclusive to bangladesh every ldc country including india faced this issue during transformation..its just a matter of time they'll get adjusted to it and become more self reliant

Another bullshit Rawamy conspiracy!;)

i like that..:toast_sign:
 
Our founder Dy Chairman Planning Commission, Dr Nurul Islam and subsequent Finance Ministers and Govts had tried hard to keep BD in the LDC list. LDC gives us various benefits. A GOB unpopular with donors, USA and the West now risk getting jettisoned out of the LDC status. No doubt SHW and Ma'al will celebrate this as another bijoy / victory to fool us. But the reality is these people have no interest in the well being of BD or the welfare of its people.
 
The BD resource base is not sufficient to cover the cost of building the physical infrastructure in a country infested with river networks. BD will have to build thousands of bridges and many thousands of kms of paved roads in the villages. Almost no bridges are less than 400 meter. The poor resource base will not allow BD to do all these jobs with domestic finance only. So, external finance received as an LDC from the developed countries should remain a large part of our infrastructure construction.

It is true that BD's social infrastructure, as cited by the UN Chief, is quite developed. This has also been supported by the developed countries and now we have started to get the benefits. But, physical infrastructure is something that needs not only foreign money, but also foreign companies' direct involvement with their knowhow. Padma Bridge construction is a case in point. So, if retiring from LDC creates development bottlenecks, then we rather remain an LDC for another 10 years.
 
Credit should go Awami Legue. BD people should give another elect AL once again
 
The BD resource base is not sufficient to cover the cost of building the physical infrastructure in a country infested with river networks. BD will have to build thousands of bridges and many thousands of kms of paved roads in the villages. Almost no bridges are less than 400 meter. The poor resource base will not allow BD to do all these jobs with domestic finance only. So, external finance received as an LDC from the developed countries should remain a large part of our infrastructure construction.

It is true that BD's social infrastructure, as cited by the UN Chief, is quite developed. This has also been supported by the developed countries and now we have started to get the benefits. But, physical infrastructure is something that needs not only foreign money, but also foreign companies' direct involvement with their knowhow. Padma Bridge construction is a case in point. So, if retiring from LDC creates development bottlenecks, then we rather remain an LDC for another 10 years.
Almost every developing country likes to have LDC benefits.

However this change is inescapable. I do agree though, it would be better to have atleast 10 more years for BD under LDC status to develop a sound resource base before removing these helping hands. Lets hope it happens.
 
We should maintain our tags of LDC.
It can give us many opportunities.
 
Is this a good thing or bad thing for Bangladesh. Considering removal of LDC tag will mean many trade concessions will go away? I am sure this is good in the long term. What do you think its impact will be in short term.

P.S. This is a serious question so I am expecting only a serious reply. No trolling please.

We accept the commendation by the UN Chief with humility. However, I feel, time is not yet ripe to graduate from the LDC status, at least not until the nation's resources are being mismanaged and stolen by the greedy educated people composed of bureaucrats, politicians, doctors, engineers, lawyers and the likes. If taxation system is abused and the educated ones steal the resources, domestic accumulation of wealth in the hands of the government is almost impossible.
 
We accept the commendation by the UN Chief with humility. However, I feel, time is not yet ripe to graduate from the LDC status, at least not until the nation's resources are being mismanaged and stolen by the greedy educated people composed of bureaucrats, politicians, doctors, engineers, lawyers and the likes. If taxation system is abused and the educated ones steal the resources, domestic accumulation of wealth in the hands of the government is almost impossible.

Fair enough. I guess thats the problem in all of South Asia. But what is a solution to that. And how long will it take to improve. I see this as a never ending problem
 
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