Adviser to the Prime Minister on the Finance and Planning ministries Dr Rashed Al Mahmud Titumir has stressed that graduation from the least developed country (LDC) category and sustainable graduation are different, saying the process should strengthen rather than constrain a country’s development.
He made the remarks at the LDC-GIF Mechanism Introduction and High-Level Dialogue at the United Nations Headquarters in New York.
Titumir said countries graduating from the LDC category continue to face structural challenges and limited productive capacity. These difficulties are compounded by geopolitical conflicts, supply-chain disruptions, trade uncertainty, inflation and domestic shocks, according to a press release.
He said LDC graduation should therefore be supported by adequate measures to ensure a smooth, sustainable and irreversible transition through industrialisation, integrated development approaches, energy transition and job creation.
The adviser also called for stronger financial, technological and capacity-building support for LDCs, noting that actual technology transfer remains limited compared with their needs.
He expressed hope that the LDC Green Industrialization Facilitation (LDC-GIF) mechanism would help accelerate technology transfer, deployment and industrial application while strengthening productive capacity, structural transformation and sustainable graduation.
