Myanmar (vision) 2020: Overcome structural challenges faced by Myanmar in order to eradicate poverty, achieve internationally agreed development goals and enable graduation from the least developed country (LDC) category by 2020 (actual date is in 2021).
Myanmar has met all three eligibility criteria for the first time to graduate from the Least Developed Country (LDC) status according to the assessment mentioned in the recent Report of Committee for Development Policy (CDP) of the United Nations.
According to the 2018 Triennial Review, a country has to meet three eligibility criteria for LDC graduation, namely (i) Gross National Income (GNI) per capita of US$ 1230 or above (ii) Human Asset Index (HAI) of 66 or above and Economic Vulnerable Index (EVI) of 32 or below.
At the 2018 Triennial Review, Myanmar’s Gross National Income (GNI) per capita stands at US$ 1255 while it holds 68.5 points in Human Asset Index (HAI) and 31.7 points in Economic Vulnerable Index (EVI). Therefore, CDP recommended in its report that Myanmar has passed all three graduation criteria. This is the very first time Myanmar meets all LDC graduation criteria since it was listed in LDC in 1987.
If Myanmar continues to meet at least two out of the three criteria again in the 2021 Triennial Review by sustaining its current development momentum, it will pave the way for Myanmar to graduate from the LDC status in the following years.