Crisis-hit Bangladesh braces for impact of U.N. economy upgrade

Business sector warns exiting least-developed country status amounts to 'suicide'

20250225 MAIN garments workers

Half of ready-made garments produced in Bangladesh goes to European Union countries, according to an industry executive.  © AP

MASUM BILLAH

DHAKA -- Bangladesh is set to exit a club that most countries are proud to leave.

But business leaders in the South Asian nation are warning that its looming graduation from least-developed country (LDC) status amounts to economic "suicide," amid allegations that ousted Prime Minister Sheikh Hasina's government faked growth data, which had once drawn international praise.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.