‘Nepal can learn from B’desh’s experience’

Kathmandu, May 10

The Embassy of Bangladesh in Kathmandu today celebrated Bangladesh’s graduation from Least Developed Country status by organising a seminar ‘LDC Graduation Process of Bangladesh: Learning for Nepal’ in collaboration with the Institute of Strategic and Socio-Economic Research, a local think tank.

Former prime minister and senior leader of CPN-UML Madhav Kumar Nepal was the chief guest of the seminar while Shankar Sharma, former vice-chairman of the National Planning Commission and former ambassador of Nepal to the United States presented the key note paper and Gyan Chandra Acharya, former UN under-secretary-general and High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States, spoke as a special guest.

The speakers at the seminar highlighted the rapid socio-economic development of Bangladesh and its historic achievement of graduating from an LDC into a Middle-Income Country, lauding the policies and programmes of the government of Prime Minister Sheikh Hasina.

They also discussed various areas where Nepal, which has decided to push back its deadline for graduation until the time its economy becomes more robust, could learn and benefit from Bangladesh’s experience.

Members of the audience also interacted with the panellists and highlighted various aspects of Bangladesh’s development experience and pointed out areas where Nepal could learn for its own graduation process.

Chief Guest Madhav Kumar Nepal touched upon the excellent bilateral relations between Bangladesh and Nepal and suggested that Nepal could benefit from Bangladesh’s economic development with increased cooperation in the areas of trade, investment, transit and connectivity, education, power and energy for mutual benefit.

In her concluding remarks, Mashfee Binte Shams, ambassador of Bangladesh to Nepal, briefly described the graduation process of Bangladesh, mentioning some of the initiative taken by the government of Bangladesh to achieve graduation and transform the vision of the Father of Nation Bangabandhu Sheikh Mujibur Rahman of Sonar Bangla into a reality.

Shams also focussed on the thrust areas the government would focus on in order to move further ahead towards achieving the next goal of becoming a developed economy by 2041.

The seminar was attended by policy-makers, members of Parliament, civil servants, members of think tanks, former ambassadors, members of civil society, media representatives, members of the diplomatic community and representatives of the media.