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Sao Tome, Solomon Island others sets to graduate from poorest nations

March 17, 2018

…As Angola, Vanuatu are scheduled for graduation over the next three years

By Olayinka Ajayi

a picture of one of the many beach resorts in Sao Tome and Principe

a picture of one of the many beach resorts in Sao Tome and Principe

Following the strictly observation of the Committee for Development Policy CDP,  Bhutan, Kiribati, Sao Tome and Principe and the Solomon Islands have been spotted to soon graduate from the ranks of the world’s poorest and most vulnerable nations.

Speaking , Jose Ocampo, chairman of the CDP, said these countries has increased their national earning power and improved access to health care and education, which make them eligible to exit the group of least developed countries (LDCs).

He however stated that only five countries had graduated since the UN established the LDC category in 1971.

According to him: “LDCs are assessed using three criteria: health and education targets; economic vulnerability; and gross national income per capita. Countries must meet two of the three criteria at two consecutive triennial reviews of the CDP to be considered for graduation.The committee would send its recommendations to the UN economic and social council (ECOSOC) for endorsement, which would then refer its decision to the UN general assembly.”

Meanwhile, Diane Elson, a member of CDP and professor at the University of Essex in the UK, added that the announcement was good news for millions of women in rural areas.  “The success of the countries that are graduating reflects things like the improvement of the health and the education of the population, which extends to rural women, and the increase in incomes in the country, which extends to rural women,” she said.

Elson further opined that the countries require continued international support because they remained vulnerable to external shocks, including the impact of climate change, currently evident in Pacific Island states such as Kiribati.

According to the UN Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States, globally, there are 47 LDCs. Thirty-three are in Africa, while 13 can be found in the Asia-Pacific region, and one is in Latin America. In the 47 years of the LDC category’s existence, only five countries – Botswana, Cabo Verde, Equatorial Guinea, Maldives and Samoa – had graduated.

The CDP said two more countries, Vanuatu and Angola, were scheduled for graduation over the next three years.

Nepal and Timor-Leste also met the criteria but were not recommended for graduation at this time, due to economic and political challenges.

According to Ocampo, that decision would be deferred to the next CDP triennial review in 2021.

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