Editorial
PM's concern over LDCs' woes
Development partners should do more
Prime Minister Sheikh Hasina has stressed enhancing productive capacities and improving human resources to acquire benefit from globalization. She made the remark while addressing the UN summit of Least Developed Countries (LDCs) in Istanbul on Monday. She further urged all to abandon past prejudiced strategies and opt for a win-win situation benefiting all. She rightly pointed out that LDCs need to redouble efforts to sustain high levels of growth for long periods to accelerate development. For this the LDCs should get further support from development partners.
We could not agree more with the PM. Indeed, as the PM has indicated, although the LDCs have made significant progress in meeting Millennium Development Goals (MDGs), they could not match the progress the developing countries achieved in enhancing productive capacity and growth.
That the LDCs have not been able to eliminate poverty is a truth that needs no elaboration. Unsettled socio-political conditions are the main hindrances to macro-economic stability. Poor human resources capacity and inadequate access to trade and integration in the market of the developed countries are also reasons for the sluggish growth of the LDCs.
In spite of limitations in natural resources and lack of skilled manpower, Bangladesh has made considerable strides in alleviating poverty through its micro credit programs and transforming agriculture and the rural economy by integrating the domestic market.
We can do more with assistance from our development partners in enhancing our productive capacities and improve resources by receiving investment, manpower training and transfer of knowledge.
We look forward to reinforced cooperation between the LDCs and the development partners for a positive change in our conditions.
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