Monday, August 21, 2017

Nepal's graduation from LDC possible

Nepal’s gradation from the current Least Developed Countries (LDC) status to the developing countries' rank by 2022 is possible, according to
At the National Consultation seminar organised by Least Developed Countries (LDC) Watch, National Planning Commission (NPC) joint secretary Lal Shankar Ghimire confirmed that Nepal will graduate from the current status to the developing country status within 5 years.
He also reminded that the NPC has in its 13th periodic plan set a goal of upgrading Nepal from the LDC group by 2022, a step forward from its previous target in 12th periodic plan of upgrading Nepal by 2030.
Ghimire opined that realisation of the goal entailed renewed stress on tackling corruption, upholding good governance and bringing political stability for extensive growth and social development.
The LDC Watch’s International Coordinator Gauri Pradhan, on the occasion, noted the possibility of Nepal graduating to developing country status between the period of 2017 and 2024, and underlined the need for positive socio-economic development.
The civil society organisations, on the occasion, endorsed a 12-point Kathmandu Declaration.

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