Laos has a good chance to step out of Least Developed Country status as UN reviews its social and economic progress

As the United Nations will review its social and economic progress next year, Laos has a good chance of stepping out of the Least Developed Country status, which might yet be held back due to the ongoing Coronavirus pandemic and multiplying debt to China, the economists and analysts have said.

Due to these reasons, the tiny communist country with a population of 7.2 million people that lies on China’s southern border is one of the 47 nations that still bear the U.N.’s LDC label that is entitled to international aid and free-trade privileges.

In February next year, a special U.N. committee that vets the countries’ progress every three years, is likely to decide that the country is ready to take a step further and graduate, sapping the aid and trade benefits .

Photo Credit : https://commons.wikimedia.org/wiki/File:Flag-map_of_Laos.svg

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