UN list of Least Developed Countries 2014

This post is about giving you the name list of the least developed countries in the world. Do you know how many countries are there in LDCs? There are 48 countries enlisted in the least developed countries (LDCs). Nepal is one of the least developed countries. Some criteria caused me to enroll in the group. Do you know what the criteria are?

Least Developed Countries (LDCs) are a group of countries that have a GDP significantly lesser than average and are characterized by rampant poverty and its related problems, environmental and developmental hazards, political instability, and widespread conflicts. Such groups of countries are enlisted in these LDCs. The basic yardsticks employed by the United Nations (UN) to define LDCs are low income, weak human assets, and economic vulnerability.

UN list of Least Developed Countries 2014

The Economic and Social Council of the United Nations in 2003 used the following three criteria for the identification of the LDCs:

3 major criteria to be in the least Developed Countries (LDCs)

1. A low-income criterion, based on a 3-year average estimate of the gross national income (GNI) per capita (under $750 for inclusion, above $900 for graduation);
2. A human resource weakness criterion, as measured through a composite Human Assets Index; and
3. An economic vulnerability criterion, as measured through a composite Economic Vulnerability Index.

These figures and criteria are not fixed forever and will remain as it is. The figures for these criteria are reviewed every 3 years by the Committee for Development Policy (CDP) of the UN Economic and Social Council (ECOSOC). Countries may graduate out of the LDC classification when indicators exceed these criteria.

The United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries, and Small Island Developing States (UN OHRLLS) coordinate, supports and provides advocacy services for LDCs. For your kind information, since the LDC category commenced, only three countries have been promoted to developing country status namely: Botswana in 1994, Cape Verde, in 2007, and Maldives on 1 Jan. 2011. In 2011 the UN suggested that Equatorial Guinea, Samoa, Tuvalu, and Vanuatu are among the candidates for promotion from LDC status. According to the UNCTAD report, currently, there are 48 LDCS, 33 in Africa, 8 in Asia, 1 in the Caribbean, and 7 in the Pacific region.

UN list of Least Developed Countries 2014 (LDCs):

Nepal is also one of the UN lists of least developed countries in 2014. A few years ago, Nepal was a backward country. There prevailed the autocratic partyless Panchayat system. But, after the restoration of democracy in 1990 A. D. endless opportunities in multiple fields or streams have opened. People actively do participate in developmental activities. So, we hope Nepal will march ahead on the road of peace, progress, and prosperity.

Although there are several factories and industries at Biratnagar, Birgunj, Bairahawa, and Kathmandu, on the other hand, the roadways- the backbones of all-around development are not substantial in our country Nepal. It is widely remarked, “When roads are open, destiny comes closer”. But unfortunately, many more districts are still inaccessible. It is a matter of immense misfortune.

We hope you got the information. Thanks visiting…