Adviser to the Prime Minister on the ministries of Finance and Planning Dr Rashed Al Mahmud Titumir stressed that graduation and sustainable graduation are different, saying that LDC graduation should strengthen, rather than constrain, a country’s development trajectory.
He made the remarks at the LDC-GIF Mechanism Introduction & High-Level Dialogue at the United Nations Headquarters in New York yesterday.
Dr Titumir said graduating countries continue to face structural impediments and limited productive capacity, compounded by geopolitical conflicts, supply-chain disruptions, trade uncertainty, inflation and domestic shocks, according to a press release.
He emphasized that graduation must therefore be supported by adequate measures to ensure a smooth, sustainable and irreversible transition through industrialization, integrated approaches, energy transition and job creation.
The Adviser also called for stronger financial, technological and capacity-building support for LDCs, noting that actual technology transfer remains modest compared with their needs.
He expressed hope that the LDC Green Industrialization Facilitation (LDC-GIF) mechanism would accelerate technology transfer, deployment and industrial application while supporting productive capacity, structural transformation and sustainable graduation.
