Bangladesh LDC Graduation: When And How Will UN Decide? Three-Year Deferral Sought
Bangladesh's LDC graduation is due on November 24, with UN Second Committee meeting on October 7. A three-year transition period is being sought.
145 news articles tagged with "LDC Graduation"
Bangladesh's LDC graduation is due on November 24, with UN Second Committee meeting on October 7. A three-year transition period is being sought.
FE editorial argues Bangladesh must modernise its 42 DTAAs, align domestic tax procedures with international commitments, and integrate DTAA certification into the Bangladesh Single Window to make the country attractive for foreign investment.
RCEP has approved an Ad Hoc Accession Working Group for Bangladesh, Chile, Hong Kong China and Sri Lanka. Commerce ministry assessment shows Bangladesh's exports could increase by $3.26 billion if it joins the bloc.
Bangladesh imports $18.19bn from China, $9.62bn from India, and $2.72bn from the US in FY25. The Agreement on Reciprocal Trade aims to narrow the $6bn trade gap, with Bangladesh committing to buy US LNG, wheat, soy, cotton and aircraft.
FE reports that Bangladesh's Tk 480 billion power and LNG subsidy allocation for FY27 will be the central obstacle in IMF credit negotiations, with the IMF pushing to restrict subsidies to poor households only.
ADB's Asian Development Outlook September 2026 trims Bangladesh's growth forecast to 4.0% for FY2027, with inflation projected to rise to 9.0% on energy shortages and high production costs.
26,056 Sammilito Islami Bank customers withdrew Tk1,040cr in 3 days (7-9 Sept). 58,745 applied for Tk3,304cr total. 31.5% paid so far. Bank continues receiving fresh deposits of Tk141-195cr per day.
Bangladesh Parliament repealed Section 18A of Bank Resolution Act, which allowed former bank owners to buy back ownership at 7.5% upfront. No applications received since enactment. Finance Minister Khosru moved the amendment.
UNCTAD report shows smaller firms in developing countries pay 20% of goods value in import requirements. SME interest rates in developing economies average 15.8% vs 6.3% developed. Strait of Hormuz disruptions worsening costs.
Brent crude breached $100/barrel as Strait of Hormuz oil flow estimates range wildly from 6M to 17M barrels/day. The uncertainty is creating a risk premium that directly affects Bangladesh's LNG and energy import costs.
PM Tarique Rahman announced feasibility study completion for Chattogram-Dhaka electric train in Parliament. Dual-gauge double-track projects for Tongi-Akhaura and Laksam-Chattogram sections also progressing.
Bangladesh and Hong Kong signed an Investment Promotion and Protection Agreement (IPPA) at the Belt and Road Summit 2026. Hong Kong is Bangladesh's 7th-largest FDI source with $750M invested over 5 years.