Concerned authorities have suggested increment of agricultural products to transform the country from the status of a least developed country into middle income developing country. They, however, pointed out difficulties in carrying out this graduation unless a basis for sustainable economic development is created.
They highlighted modernization and commercialization of agriculture, construction of airports, fast track, and well-equipped hotels for tourism, maximum use of information and communication technology, operation of special economic zone, expansion and endurance of sustainability of production and service sector as major ingredients for the transformation.
This suggestion was made at a seminar on 'Least Developed Country Graduation of Bangladesh: Learning for Nepal' organized by the Embassy of the People's Republic of Bangladesh, Kathmandu in collaboration with the Institute for Strategic and Socio-Economic Research.
Speaking at the discussion, former Prime Minister Madhav Kumar Nepal said the country could get much benefit from tourism and energy, while identifying good governance, promotion and sustainable economic development as a basis for changing the country into developing one.
Likewise, Bangladesh's ambassador to Nepal Mashfee Binte Shams thanked Nepal for its moral and physical support for Bangladesh's independent movement, while asserting age-old relations between Bangladesh and Nepal.
National Planning Commission former vice chair Dr Shankar Sharma opined for moving ahead after analyzing all sectors for trade expansion, ensuring sustainability of income sources among others.
Similarly, former under-secretary-general of the United Nations Gyan Chandra Acharya said that the international community should provide the assistance to under developing countries in time and Nepal should also be serious in other sustainable development projects.
Present on the occasion were SAARC member states diplomatic missions officials, and former ambassadors.
The program was chaired by acting chair of the Institute for Strategic and Socio-Economic Research (ISER) Prof Govinda Nepal.
Bangladesh had received UN recognition of meeting the LDC graduation Criteria in March 2018.
