Nepal set to head grouping of Least Developed Countries for three years

As the country aims to graduate in three years to middle-income developing country, which entails certain losses, it should engineer a support system to cushion impact, say experts.

Nepal is set to add another feather in its diplomatic cap as it is taking the chair of the group of the least developed countries (LDCs) for this year. There are currently 46 countries on the list of LDCs and the countries’ status is reviewed every three years by the Committee for Development (CDP). This opportunity comes at a time when Nepal is working to graduate from a least developed country to a middle-income developing country by December 2026.