Bangladesh seeks to defer LDC graduation amid economic headwinds

The Bangladesh government has been working to postpone the deadline for the country’s transition from a least developed country (LDC) to a developing nation, according to Commerce Secretary Mahbubur Rahman. Still, he cautioned that it would “not be appropriate” to be overly optimistic about it. Mahbubur made the remarks at a workshop on LDC graduation organised by Research and Policy Integration for Development (RAPID) in Dhaka on Tuesday. "I have spoken to a foreign team a few days ago to defer the graduation process. We are doing this quietly,” he said. He explained that postponing the transition would require bringing a proposal to the United Nations General Assembly for a vote, something Bangladesh has already attempted once. “Among those who...