Yunus urges swift, coordinated action for LDC graduation

TIMES Report
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In a file photo, Bangladesh's Chief Adviser Muhammad Yunus. Photo CA Office

Chief Adviser Muhammad Yunus on Sunday called for urgent and coordinated action from all relevant agencies to ensure Bangladesh’s smooth and timely graduation from Least Developed Country (LDC) status.

He made the remarks during a high-level meeting with the LDC Graduation Committee held at his official residence, Jamuna, where progress on key deliverables was reviewed, according to a statement issued by the CA’s Press Wing.

“This whole thing is about coordination,” said the chief adviser. “We already have the attention and support of investors, funders, and development partners. Now, we must build on the efforts already under way and intensify our collective action to move forward with speed and purpose.”

Emphasising the importance of institutional readiness, Yunus called on all stakeholders to move in unison.

“We need a team that functions like firefighters. When the whistle blows, they must respond—fast, efficiently, and without delay—and stay at the problem until it is solved,” he said.

He further assured that the Chief Adviser’s Office would take an active role in overseeing the process.

“The highest office of the government will personally monitor the implementation of all graduation-related initiatives,” he added.

During the meeting, the LDC Graduation Committee identified five priority actions that must be completed on an urgent basis.

These actions include full operationalisation of the National Single Window with participation from all relevant agencies, implementation of the National Tariff Policy, 2023 through a clear action plan, and execution of key measures under the National Logistics Policy, 2024, including infrastructure projects.

The other actions are operational readiness of the Effluent Treatment Plant (ETP) at Savar Tannery Village and full-scale operation of the Active Pharmaceutical Ingredient (API) Park in Gajaria, Munshiganj.

“These aren’t just routine tasks—we need to see them as key steps. Each one helps clear the way for our graduation and builds a stronger, fairer economy for everyone,” the Chief Adviser added.

Finance Adviser Salehuddin Ahmed, Chief Adviser’s Special Assistant Anisuzzaman Chowdhury, and Chief Adviser’s Special Envoy for International Affairs Lutfey Siddiqi attended the meeting, alongside members of the LDC Graduation Committee and policy advisers.

 

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