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Bhutan’s graduation from the UN list of Least Developed Countries

Bhutan’s graduation from the UN list of Least Developed Countries

Bhutan’s graduation from the UN list of Least Developed Countries: The landlocked Himalayan kingdom of Bhutan was recently removed from the list of LDCs, becoming only the seventh country to do so at the United Nations Least Developed Countries (LDC) Summit, which concluded on March 9 in Doha, Qatar.

March 2023 Current Affairs Quiz

How did Bhutan get off the Least Developed Countries (LDC) list:

What is UN’s Least Developed Countries(LDCs) List:

UN list of least developed countries:

There are currently 46 economies designated by the United Nations as the least developed countries (LDCs), entitling them to preferential market access, aid, special technical assistance, and capacity-building on technology among other concessions.

These 46 LDCs are distributed among the following regions:

  1. Africa (33): Angola, Benin, Burkina Faso, Burundi, Central African Republic, Chad, Comoros, Democratic Republic of the Congo, Djibouti, Eritrea, Ethiopia, Gambia, Guinea, Guinea-Bissau, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mozambique, Niger, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Togo, Uganda, United Republic of Tanzania and Zambia
  2. Asia (9): Afghanistan, Bangladesh, Bhutan, Cambodia, Lao People’s Democratic Republic, Myanmar, Nepal, Timor-Leste and Yemen
  3. Caribbean (1): Haiti
  4. Pacific (3): Kiribati, Solomon Islands and Tuvalu

What are the benefits of graduating from LDC List?

Bhutan’s removal from the LDC list is expected to provide several benefits, including increased access to international financial markets, increased foreign direct investment, and improved trade opportunities.

It is also expected to boost Bhutan’s international image and attract more tourists to the country, which is known for its natural beauty and unique culture. The graduation also highlights the importance of sustainable development and good governance in achieving economic growth and reducing poverty.

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