Kathmandu, May 22 (IANS) Nepal has formally requested the United Nations to defer its scheduled graduation from the Least Developed Country (LDC) category, citing mounting economic challenges, global uncertainties, and concerns over the country’s preparedness for the transition.Nepal was due to graduate from the LDC category in November 2026, a milestone that would mark the country’s progress in human development and economic resilience.However, as the deadline approaches, concerns have intensif…
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New Delhi, Jan 30 (IANS) The EU–India free trade agreement has emerged as a major cause for concern in Dhaka as it delivers market access gains for India in the textiles, apparel, leather, and footwear sectors that have long underpinned Bangladesh’s export success in Europe, a Bangladeshi media report said.”With Bangladesh set to graduate from LDC status in November 2026, and its preferential access to the EU market expected to erode after a three-year transition period, the timing of this d…
New Delhi, Jan 4 (IANS) Several challenges faced by the Bangladesh economy from 2025, such as the rising non-performing loans in the financial sector, are likely to spill into the new year, according to local media reports.The Bangladesh Bank had limited room to act, as the government relied heavily on high-cost borrowing from the banking sector. At the same time, debt defaults continued to weaken banks’ ability to extend fresh credit, the Dhaka-based The Daily Star reported.High interest rates …