Bangladesh has formally sought additional time from the United Nations to complete its graduation from Least Developed Country (LDC) status, citing mounting economic challenges and global uncertainties.

Prime Minister Tarique Rahman, in a letter to UN Secretary-General António Guterres, said the country is currently undergoing a difficult economic phase and requires more time to stabilise before transitioning out of the LDC category, which is currently scheduled for November 2026.

The letter highlights pressures from rising import costs, foreign exchange constraints, and broader global economic volatility.

It also points to structural challenges, including financial sector vulnerabilities, inflationary pressures, and slowing growth, compounded by the lingering effects of the COVID-19 pandemic, climate-related disasters, and geopolitical tensions affecting energy markets.

Officials said the additional time would allow the country to strengthen its production base, boost export competitiveness, and stabilise macroeconomic indicators. Bangladesh has reportedly sought a three-year extension under UN provisions to better prepare for the shift.

The government also warned that premature graduation could lead to the loss of key international support measures, including duty-free and quota-free market access, potentially risking development gains.

According to the Economic Relations Division, Bangladesh’s move reflects a broader trend, with several developing nations seeking policy flexibility amid global economic pressures.

The request will now be considered within the United Nations system, including the Committee for Development Policy, as Bangladesh looks to align its transition timeline with long-term economic stability goals.
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