The proposal for the same is planned to be presented at the upcoming General Assembly of the United Nations (UNGA) for endorsement. The UNGA is scheduled to take place in September 2021.

The UN Economic and Social Council (ECOSOC) has already granted permission to present the proposal for graduation at the UNGA for endorsement.

A recent meeting of the UN’s ECOSOC held in New York acknowledged Nepal’s eligibility to graduate to the country of mid-level income from the present status of low income, informed Amrit Rai, Chief of the Permanent Mission of Nepal to the UN.

Nepal had fulfilled two out of three stipulated criteria for graduation, one in 2015 and the other in 2018, said Rai. “Earlier, we had asked to put on hold the proposal for graduation, citing the devastating earthquake at the moment. Now, it is entering into the phase of endorsement.”

Nepal has secured a position in the list of eligible countries for graduation after meeting the two among the three graduation thresholds of criteria, including Gross National Income (GNI) per capita, Human Asset Index (HAI), and Economic and Environmental Vulnerability Index (EVI).

Following the endorsement of graduation, it requires almost three years to draft a complementary plan for transitional management. Fortunately, Nepal’s timeline has been extended by two years to 2026 by the UN, citing the coronavirus pandemic.

Stay Tuned to NepaliSansar for Latest Economy News!

More News:

• Nepal SEE 2021 Results to Release by July 30!
• 10 Reasons Why Nepalese Love To Buy iPhone
• Nepal Budget FY 2078/79 (2021/22)
• 10 Exciting Things To Buy In Nepal For Souvenir
• 12 Best Movie Theatres in Nepal You Must Try!

The post Nepal’s MIC Status To Be Endorsed At UNGA! appeared first on Nepali Sansar.

The Government of Nepal is gearing up to host the Asia-Pacific (APAC) Summit 2018 that is scheduled to be held in Kathmandu from November 30-December 03, 2018.

The conference will shed light on key areas and critical challenges including independence, mutual prosperity and universal values, and ways to achieve and address them.

The #APACSummit2018 Nepal will also host various other discussions on diverse topics such as climate change, good governance, conflict resolution, strengthening marriage & family institutions, in line with the 2030 Agenda for sustainable development.

APAC Summit 2018
The summit will see the participation of Heads of States and governments, eminent personalities, subject matter experts, businessmen and leaders of civil society belonging to various nations.

Former Nepal Prime Minister Madhav Kumar is heading the APAC Summit 2018 Nepal invitational committee, which also has various other key personalities from Asia-Pacific region as its members.

The Universal Peace Federation (UPF) is principal organizer of the event that will also be supported by various other global institutional bodies such as the United Nations Economic and Social Council (ECOSOC), International Association of Parliamentarians for Peace (IAPP) and the International Conference of Asian Political Parties (ICAPP).

The post #APAC: Nepal Gearing up for Asia-Pacific Summit 2018 appeared first on Nepali Sansar.