Myanmar seeks to leave LDC status behind

The new government has followed its predecessor and formed a committee dedicated to ridding Myanmar of its UN designation as a Least Developed Country (LDC), which will require progress on average income and economic vulnerability.

Myanmar has been on the LDC list since 1987 but is striving to graduate to lower-middle income, said U Maung Maung Win, deputy minister for planning and finance. But there are three criteria the country needs to meet at the next triennial LDC review in 2018, and so far it has only met one, he added.

Read more: https://www.mmtimes.com/business/22424-myanmar-seeks-to-leave-least-developed-country-status-behind.html