What does LDC Graduation means? How it could impact on Bangladesh economy? (Ep-1/7)

Описание: The term LDC Graduation is one of the much discussed issues in Bangladesh during last couple of years. Few experts are highlighting its positive outcomes; others are highlighting its negative impacts. Therefore general people, professionals and students of different discipline became confused due to their less attention to the overall issue.

Developing Bangladesh YouTube Channel is keen to inform you what is LDC, How & Why a country has been determined as LDC by whom, when a country graduates from the LDC list, what is the graduation process, what is the role of graduating country, UNCDP, UNGA, ECOSOC & Other Developing Partners to ensure smooth transition of an LDC Graduating country etc. in details.
To begin with the discussion we can define LDC as the Least developed countries (LDCs) are low-income countries confronting severe structural impediments to sustainable development. They are highly vulnerable to economic and environmental shocks and have low levels of human assets.
The least developed countries are a list of developing countries that, according to the United Nations, exhibit the lowest indicators of socioeconomic development, with the lowest Human Development Index ratings of all countries in the world.

There are currently 46 countries on the list of LDCs which is reviewed every three years by the Committee for Development (CDP). LDCs have exclusive access to certain international support measures in particular in the areas of development assistance and trade.

To introduce the the Committee for Development Policy (CDP) we can describe UNCDP is a subsidiary body of the United Nations Economic and Social Council. CDP provides inputs and independent advice to the Council on emerging cross-sectoral development issues and on international cooperation for development, focusing on medium- and long-term aspects. The Committee is also responsible for reviewing the status of least developed countries (LDCs) and for monitoring their progress after graduation from the category. The 24 members of the Committee are nominated by the United Nations Secretary-General in their personal capacity, and are appointed by the Council for a period of three years. Membership is geared to reflect a wide range of sustainable development experience as well as geographical and gender balance.

The Secretariat of the CDP provides substantive and administrative assistance to the Committee. While servicing meetings of the CDP, the Secretariat formulates and implements its own substantive work programme, including quantitative and qualitative analyses, particularly relating to the 2030 Development Agenda and the LDCs.

The Secretariat prepares reports to intergovernmental bodies such as Economic and Social Council, the General Assembly and other policy-making organs, as appropriate, including on the identification and graduation of LDCs; unilateral coercive measures; and third States affected by UN sanctions.
The Secretariat also formulates and implements capacity development and policy-advisory activities on various development issues. Activities focus on training and advising stakeholders in developing countries, particularly LDCs, to enhance their capacities in achieving sustainable growth. Among its recent outputs are the design and implementation of of analytical and operational tools, for instance, the LDC support measures portal, cost-benefit analysis, and e-Ping system.
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