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Citizens of least developed countries have lost their burdensome identity: PM Oli 

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Kathmandu. Kathmandu: Prime Minister KP Sharma Oli has said that the government has been successful in removing the burdensome identity of the citizens of the least developed countries. He said that the country has been upgraded from least developed country to developing country.

On November 18, 1971, the United Nations General Assembly no. Nepal was listed in the list of least developed countries by passing the resolution. Oli said the country has been removed from the list after 55 years. Nepal, which currently leads the 45-nation LDC group, is being upgraded next year along with seven countries.

This will elevate Nepal’s international image.  Pm Oli said that this indicates that Nepal is moving towards becoming self-reliant. He believes that if the country is removed from this list, the country rating index will be strengthened and the investment environment will be created.

Similarly, visit diplomacy and convergence diplomacy such as Sagarmatha Dialogue, Investment Summit have provided an opportunity for the country to strengthen economic diplomacy, he said. TAG_OPEN_div_16 Since most of Nepal’s trade and cooperation is bilateral, there is not much impact on this sector due to upgradation.

Since 2010, Nepal has been making efforts to upgrade through periodic plans, budgets and programs. TAG_OPEN_div_14 According to the United Nations assessment in 2015, 2018 and 2021, Nepal has made progress in human wealth index and economic and environmental risk index. However, nepal has got this opportunity only in 2026 due to the recent improvement in the per capita gross national income.

He believes that the results TAG_OPEN_div_12 of successful implementation of ‘Prosperous Nepal and Happy Nepali’ taken by the previous 15th Plan and the current 16th Plan have started showing in this. Now there are good signs of economic recovery. The vision, goals, and objectives of social justice, good governance and prosperity of the current 16th Plan have been prepared on the basis of the situation after the LDC upgrade.

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