Bhutan, Kiribati, Sao Tome and Principe and the Solomon Islands have increased national earning power and improved access to health care and education, making them eligible to exit the group of least developed countries (LDCs).
“This is an historic occasion,” said Jose Antonio Ocampo, chair of the Committee for Development Policy (CDP), noting that only five countries have graduated since the UN established the LDC category in 1971.
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.
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