+ Kiribati graduation from LDC under review
Kiribati’s graduation from Least Developed Country (LDC) status is currently under review
Graduation from the LDC category requires an assessment in relation to gross national income, the economic vulnerability index (EVI), and the human assets index (HAI).
If Kiribati (which has met the formal criteria for graduation) were to graduate, it would lose access to the International Support Measures (ISMs) that LDCs are entitled to.
These ISMs cover market access and trade, development assistance and general support. For the country, in terms of market access, the main impacts are on the export of tuna loins and related processed fish products; specifically, those sent to Japan and the EU would face higher tariffs, writes James Webb on this detailed analysis on DevPolicy Blog
Most non-LDC developing countries (the great majority) still receive aid, but graduation should mark the point at which an LDC has developed sufficiently to no longer require the maximum concessionary treatment from development partners and use of LDC International Support Measures (ISMs). Only five countries
have graduated from the category to date (Botswana, Cabo Verde, Maldives, Samoa, and Equatorial Guinea).
Looking at the Pacific, currently, Vanuatu
is scheduled to graduate in 2020, Kiribati
is under review, Solomon Islands
is scheduled to graduate in 2024, and Tuvalu
meets the criteria but has not yet been scheduled for graduation.