PM Dahal outlines strategies for graduating from LDC status

KATHMANDU: Prime Minister Pushpa Kamal Dahal laid out the government's plan for dealing with Nepal's upcoming graduation from the least developed country (LDC) status in 2026. He stressed the importance of using private investments, attracting foreign money, creating jobs, and improving tax collection while speaking at the IDA21 Third Replenishment Meeting, in order to tackle the challenges that might arise after Nepal leaves the LDC category.

Dahal stated that in order to raise people's quality of life, investments in solid infrastructure, health care, and education are necessary. Additionally, he discussed the significance of digitalization, business assistance, and skill development for individuals in order to increase employment and strengthen the economy.

 

Furthermore, the prime minister underlined the need to address climate change, cope with instability, assist small nations, and ensure enough water and food for everyone. Despite confronting problems such as earthquakes, catastrophes, pandemics, and economic ups and downs, Nepal has a strategy dubbed Green Resilient Inclusive Development (GRID) to ensure long-term growth and the ability to recover from difficult periods.

Dahal also discussed Nepal's commitment to climate justice, which entails ensuring that each person is treated fairly when it comes to mitigating the consequences of climate change. Although Nepal hasn't done anything to cause the issue, he claimed that it is nonetheless experiencing the repercussions more than wealthier nations. In order to rectify the injustice and promote equitable growth for all, he demanded that LDCs cooperate and grant equitable access to resources, investments, and technology. Nepal's strategy include enhancing bilateral ties, developing human capital, and focusing on sustainable development in order to benefit not only the country but also the stability and power of the world economy.