New york:<Text>
Bangladesh has issued a strong plea for immediate global intervention to address the growing Sustainable Development Goal (SDG) financing gap and to establish a fair and inclusive financial system. This appeal is part of Bangladesh’s efforts to ensure a smooth and sustainable transition from its Least Developed Country (LDC) status.
According to Bangladesh Sangbad Sangstha, Bangladesh’s Permanent Representative to the United Nations, Salahuddin Noman Chowdhury, made these remarks during the general debate at the United Nations Economic and Social Council (ECOSOC) Financing for Development Forum 2026, held at the UN Headquarters in New York. Chowdhury emphasized that geopolitical conflicts, decreasing official development assistance, climate-related challenges, trade barriers, and energy uncertainties are reducing the policy space available to developing countries like Bangladesh.
In response to these challenges, Bangladesh is seeking an extens
ion of its LDC graduation preparatory period. This extension is deemed crucial to facilitate a smooth and sustainable transition, minimizing potential economic disruptions. Chowdhury also underscored Bangladesh’s achievements in political and economic recovery, highlighting the government’s efforts to maintain macroeconomic stability, restore business confidence, strengthen the banking sector, promote investment, and offer direct support to vulnerable populations.
The envoy stressed the importance of reducing debt servicing costs and avoiding inefficient infrastructure-related debts. He advocated for channeling foreign direct investment into sectors that are productive and create jobs, along with promoting technology transfer. Furthermore, Chowdhury called for a more representative global financial system, climate justice, effective measures on addressing loss and damage, and the return of stolen assets to their rightful owners.
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