Myanmar has potential to graduate from LDC status in 2015

Vice President U Nyan Tun highlights procedures for graduation of Myanmar from least developed country status.—mna
Vice President U Nyan Tun highlights procedures for graduation of Myanmar from least developed country status.—MNA

Nay Pyi Taw, 20 Nov—Gross national income (GNI) per capita, the human asset index (HAI) and the economic vulnerability index (EVI) are three criteria used by the Committee for Development Policy, an arm of the United Nations Economic and Social Council, Vice President U Nyan Tun told a meeting on Thursday here, sources said.
The meeting was focused on lifting Myanmar out of the category of least developed countries, with the vice president saying that a country must meet two of the three graduation criteria.
According to the 2013 report on least developed countries, Myanmar is nearly eligible for graduation in terms of GNI per capita.
U Nyan Tun said that his country is on the
right track to sustainable development on all fronts, with the exception of the economic vulnerability index.
He called for stakeholders to add new momentum to community-based approaches designed to create higher rates of productivity, employment, income, health care, education and social welfare in a bid to satisfy indexes required for the country’s exit out of the least developed countries.
He spoke of measures being taken by relevant committees in partnership with UN agencies and INGOs to lift the country out of the LDC category in 2015.
At the meeting, union ministers briefed Vice President U Nyan Tun on the collection of statistics for the GNI per capita, gross domestic product, EVI and HAI in collaboration with international organizations for technical assistance.

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