December 18, 2025 07:59 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
‘Worst is over,’ says IndiGo CEO after flight chaos; staff told to ignore speculation | Chaos at Hyderabad's Lulu Mall! Nidhhi Agerwal swarmed by fans, police register case | TCS bets big on AI, shares spike as company reveals ambitious plan | Delhi goes into emergency mode! Work from home, vehicle bans as AQI hits ‘severe’ | Massive fire guts shanties near Eco Park in Kolkata; no casualties | Indian Visa Application Centre in Dhaka shuts down early amid rising security concerns | Market update: Sensex tumbles 120 points, Nifty below 25,850 at closing bell | ‘Won’t apologise’: Prithviraj Chavan stands firm on controversial Operation Sindoor remark despite backlash | India summons Bangladesh High Commissioner after provocative 'seven sisters' remark | Amazon eyes $10 billion investment in OpenAI — a gamechanger for AI industry!

In Nepal, UN meeting seeks to boost development ranking of Asia-Pacific's poorest nations

| | Dec 17, 2014, at 03:10 pm
New York, Dec 17 (IBNS) A United Nations-backed meeting focusing on the Least Developed Countries (LDCs) of Asia and the Pacific kicked off on Tuesday as international delegates, UN officials and Government ministers embarked on discussions over how to help the region's poorest nations "graduate" to a higher level of development.
The three-day meeting – held in Kathmandu, Nepal and coordinated by the UN Office for Least Developed Countries, Landlocked Developing Countries, and Small Island Developing States (UN-OHRLLS) as well as the UN Development Programme – has brought regional and international stakeholders together to consider which steps may ensure the LDCs “smooth graduation” up the development ladder.
 
“The path towards graduation should not be an end in itself but should be viewed as a launching pad towards meaningful and transformative changes in the economic structures and the life conditions of people in graduated and graduating LDCs,” the UN Under Secretary-General and High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States, Gyan Chandra Acharya, told delegates in his opening statement.
 
“For this reason, the sustainable graduation agenda needs to be tied up with that of productive capacity development, structural transformation resilience building and sustainable improvement in human and social capital.”
 
Some of the practices being considered by delegates include enhancing investment in the productive sector, upgrading technologies and increasing protection from external shocks, such as climate related events, economic crises and natural disasters, a UN-OHRLLS press release explained.
 
Forty-eight countries are currently designated by the United Nations as LDCs and, between 1971 and 2011, only 3 of them – Botswana, Cape Verde, and the Maldives – have graduated from the LDC category.
 
UN-OHRLLS noted, however, that recent economic and social indicators have allowed a number of LDCs to reach the “threshold of graduation” with Bangladesh, Bhutan, Cambodia, and Lao People’s Democratic Republic announcing timelines for their graduation.
 
LDCs represent the poorest and weakest members of the international community, comprising more than 880 million people while accounting for less than 2 per cent of global Gross Domestic Product (GDP).
 
Fighting poverty in the LDCs is a key component towards reaching the UN’s landmark 2015 Millennium Development Goals (MDGs).
 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.