UN extends LDC status for Bangladesh and Nepal to 2029

Key facts

• Bangladesh and Nepal will retain their least developed country status until 2029.
• The UN General Assembly voted to extend the status.
• The extension provides continued trade access for both nations.

Bangladesh and Nepal, two South Asian economies, have been granted a three-year extension to their least developed country (LDC) status. The decision by the United Nations General Assembly means their graduation from LDC status is now set for 2029. This extension provides continued trade access for both nations as they prepare for reclassification following internal and external shocks.