UN Approves 3-Year Extension for Bangladesh LDC Graduation Until 2029

From the report

The United Nations General Assembly has formally adopted a resolution deferring Bangladesh’s graduation from the Least Developed Countries (LDC) category by three years with setting the new transition deadline for November 24, 2029.

The resolution, introduced by Uruguay on behalf of the Group of 77 and China was adopted by voice vote at a plenary meeting in New York. Nepal was granted a similar three-year extension. The session was chaired by the President of the 81st UN General Assembly, Bangladesh Foreign Minister Khalilur Rahman.

The decision follows a formal request submitted by the BNP-led government shortly after taking office in February, followed by a direct appeal from Prime Minister Tarique Rahman to the UN Secretary-General in April. The government and domestic business communities sought extra time to address macroeconomic challenges, political transitions and global supply chain disruptions while preparing for the loss of duty-free and quota-free market access.