Why the govt wants to delay Nepal’s LDC graduation

english.khabarhub.com · 14 hours ago

The Nepali government has requested a three-year postponement of its graduation from Least Developed Country (LDC) status, citing weak economic growth, geopolitical instability, climate risks, and dependence on remittances. While Nepal has met two of the three UN criteria for graduation, the government argues that losing trade privileges and economic protections in 2026 could expose the economy to serious shocks. The private sector and parliamentary committees have also raised concerns about the potential loss of trade benefits and the need for adequate preparation for the transition.