Moving from LDC: Opportunity and Challange Focus Writing for Bank Jobs
Moving from LDC: Opportunity and Challange On March 16, 2018, for the second time in the history of independent Bangladesh, the country was adorned with a crown for its achievements in development. The first time was in 2015 when it upgraded itself to the World Bank's “lower middle income” category by increasing its Gross National Income. By becoming eligible for graduation from LDC, Bangladesh has taken its status to a new height. The LDC category was introduced by the United Nations in 1971 when there were 25 LDCs. In 2018, the number has increased to 47. So far, only five countries were able to graduate from the LDC group, including Botswana, Cape Verde, Maldives, Samoa and Equatorial Guinea. Bangladesh is the only country that met all three criteria for graduation including GNI per capita, Human Assets Index, and Economic Vulnerability Index. The three criteria are Gross National Income (GNI) per capita, Human Assets Index (HAI) and Economic Vulnerability Index (EVI). According...