Becoming a developing nation: Nepal graduates from UN’s least developed country status

Prime Minister KP Sharma Oli said that Nepal has been recommended for upgrading from underdeveloped to developing countries

Nepal has stepped into a new journey as it qualified to graduate into a developing nation from a Least Developed Country (LDC) without meeting the per capita Gross National Income (GNI) criterion.

The United Nations Committee for Development Policy (UN CDP) recommended the graduation to the Himalayan Nation in its final evaluation on Friday.

Highlighting it as a 'unique case', Amrit Rai, Chief of the Permanent Mission of Nepal to the United Nations said, "As the first country to graduate from the LDC category without meeting the GNI criterion, Nepal's graduation will be a unique case. Yet, we are determined to make it as smooth and sustainable as possible."