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The UN General Assembly is set to decide tonight whether to grant Bangladesh a three-year extension of its preparatory period for graduation from the least developed country (LDC) category.
A senior Finance Ministry official told The Daily Star that Bangladesh's and Nepal's deferral requests are on Thursday's agenda for the session starting at 8:00pm Bangladesh time (10:00am New York time), with decision timing unconfirmed.
Although the final decision requires consensus among all member states, the official expressed confidence that both countries would secure full support after positive recommendations at earlier stages.
Following the government's 18 February 2026 request for an extension until 24 November 2029, the Committee for Development Policy took a positive position and the Economic and Social Council recommended on 21 July a decision before 24 November 2026.
Bangladesh argued that global and domestic challenges, including trade volatility, geopolitical tensions, inflationary pressures, the Middle East crisis, energy and supply chain uncertainties and changing international trade conditions, affected its graduation readiness and transition.
Source: The Daily Star
Bangladesh Energy Regulatory Commission (BERC) technical evaluation committee on Thursday proposed raising the maximum retail price of a 12kg private LPG cylinder by Tk 139 to Tk 1,976 from Tk 1,837, citing higher import, operational and financing costs.
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Bangladesh's economic zones have attracted nearly US$300 million in private investment with support from the World Bank, creating around 42,000 new jobs, according to a post by the World Bank Bangladesh on its official Facebook page on Wednesday.
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