LDC Graduation of Bangladesh: A Critical Moment

Jun 13, 2025
Business

The concept of graduating from the Least Developed Country (LDC) status was initiated by the previous authoritarian regime led by Sheikh Hasina, with an approach more focused on optics than sustainable preparedness.

However, while this is a process we can no longer ignore, the current interim government, like the Awami League, is in a hurry to complete the graduation deadline, despite the fact that our economy and institutions are considerably underprepared.

The risks are considerable: loss of trade preferences, reduced foreign aid, and greater competition for our export sectors, especially in RMG and Footwear. Rather than rushing forward, we must act responsibly.

We cannot move ahead without reason. Bangladesh should withdraw and proactively engage with the UN and other relevant authorities to renegotiate the timeline—for a few more years, keep select LDC privileges, allowing us to reform essential institutions, improve governance, and enhance post-graduation success.

During this high-stakes roundtable discussion, all major political parties, including the BNP, NCP, and Ganosanhati Andolan, expressed their opposition to the rushed nature of graduating from an LDC.