Learning from the experiences of graduated and graduating least developed countries and non-LDC developing economies

The first pathway refers to the two countries, Angola and Equatorial Guinea, that have met the income-only criteria for graduation through rapid growth of their GNI per capita income, driven largely by exploitation of natural resources. Both countries have not yet reached the human asset and economic vulnerability thresholds. The key message and the most important lesson emerging from the development experiences of these countries is that failure to use policies in a transparent and strategic manner and through accountable governance systems leaves countries with an economic structure which scores high in GNI per capita income, but low in social development and economic diversification, despite generating sufficient resources to expand their productive capacity without needing special international support measures. Their experience demonstrates that it is possible to meet the graduation threshold without necessarily expanding productive capacity or undergoing meaningful social and economic transformation.

Sustainable Development Goals:

Peace, Justice and Strong Institutions