Nepal defers LDC graduation plan
▸ Part of: Nepal Seeks to Defer LDC Graduation Amid Economic Concerns
Nepal has formally requested a delay in its graduation from the Least Developed Country (LDC) category until November 2029, citing concerns about economic and external pressures. The Ministry of Foreign Affairs communicated this to the UN Committee for Development Policy, highlighting global instability, supply chain disruptions, reduced remittances, and potential job losses as key reasons. The government also cited slow progress on its Smooth Transition Strategy and ongoing geopolitical and climate-related risks.
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