Prime Minister Sheikh Hasina has said that Bangladesh has received final recommendation of United Nations for the transition from a least developed country to a developing country.  

She said, “We have achieved full competency to be a developing country.”

Joining a press conference virtually from her official residence Ganabhaban, she made the remark on Saturday.   

The PM said: “I’m dedicating the achievement to the new generation of the country, which will advance Bangladesh further, making it a developed and prosperous nation in the future.

“Today’s achievement of graduating as a developing nation from the LDC status is the outcome of our tireless efforts, labour and plans for the past 12 years. The people have done it all. We’ve only created the scope (to make it happen) through policies and support,” she also said.

According to Sheikh Hasina, Bangladesh today has dramatically changed from when the Awami League came to power in 2009.

The UN committee also made recommendations on the country's appeal to extend the final terminal period to 2026 from 2024.

The country has met, for the second time, all the three eligibility criteria for LDC graduation involving income per capita, human assets, and economic and environmental vulnerability.

Bangladesh fulfilled all the criteria necessary for its elevation to a developing country in 2018. In line with the UN rules, a country will get recommended for graduation if it can fulfil the criteria in two triennial reviews in a row.

According to the UN, a country becomes eligible for graduating from the LDC status if it maintains a per capita gross national income (GNI) of $1,230 or above, a human assets index (HAI) of 66 or above, and an economic vulnerability index (EVI) of 32 or below during the triennial review period.

Bangladesh's per capita GNI was $1,827, HAI 75.3, and EVI was 25.2 in 2020.

Bangladesh has been on the UN list of LDCs since 1975.