Nepal Seeks to Defer LDC Graduation Amid Economic Concerns
Nepal has formally requested a postponement of its graduation from the Least Developed Country (LDC) category, seeking to extend the timeline to November 2029. The Ministry of Foreign Affairs confirmed the deferral request, citing concerns that losing LDC-specific benefits could expose the economy to serious shocks during a fragile period. The government has communicated its position to the United Nations, highlighting global instability, regional conflicts, and the lingering effects of the Covid-19 pandemic as key pressures.
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