‘Honour and Pride': Bhutan no longer among world's poorest nations
Hindustan TimesThere will be jubilation in the Himalayan kingdom of Bhutan this year when it quits the club of the world's poorest countries, while others still have a mountain to climb. "We are taking it with a lot of honour and pride, we are not nervous," Bhutan's Prime Minister Lotay Tshering told AFP at the LDC summit that finished in Doha on Thursday. Pride at stake Booming hydro-electricity exports to regional power India have taken the per capita income of Bhutan's 800,000 people to about $3,800 a year, 30 percent higher than its giant neighbour. Losing the LDC tag brings credibility and "attracts investment from the world's biggest countries," he said. When Covid-19 forced a near global lockdown in 2020, it turned "a thriving upper middle income country into a 'no-income country' for three months."
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