Nepal Graduating from LDC

Nepal is among the group of 48 least developed countries of the world. During the formulation of three category nations (developed, developing and LDC) made in 1971, there were only 25 member tagged as the “Least Developed Countries”. But only 4 member nations graduated to the developing nation status and another 27 nations joined the club over the last four and half decades. Today, the UN Agency aims to reduce the number of LDCs from 48 to 24 by 2020. As poverty, inequality and underdevelopment anywhere are a threat to prosperity, the agenda of graduating as many LDCs as possible to developing country status has become a shared concern of all.

Nepal soon to be promoted to Developing Nation

Nepal soon to be promoted to Developing Nation

Nepal had made a vision to put a tagline of “developing nation” by the end of 2022 in the current 3 years plan. Different calculations show that Nepal had met two of the three goals, which are enough for the country to move from the league of least developed countries to that of developing nations. Continue reading