Dhaka for fair global financial architecture, sustainable LDC graduation

Bangladesh Flag. Wikimedia Commons.

Dhaka, April 24 - Bangladesh has called for urgent global action to bridge the widening SDG financing gap and establishing a 'fair, inclusive, and responsive' international financial system.

At the general debate in ECOSOC Financing for Development Forum 2026 held at the UN Headquarters in New York on April 23, Bangladesh’s Permanent Representative to the UN Ambassador Salahuddin Noman Chowdhury underscored that geopolitical conflicts, declining ODA, climate shocks, trade barriers, and energy uncertainties were shrinking the policy space for developing countries.

In this context, Bangladesh had sought an extension of its LDC graduation preparatory period to ensure a smooth and sustainable transition.

The Permanent Representative also highlighted the country’s progress in political and economic recovery with the government focusing on macroeconomic stability, rebuilding business confidence, strengthening the banking sector, promoting investment, and expanding direct support to vulnerable people, according to the Bangladesh Mission in New York.

Stressing the need to lower debt costs, avoid inefficient infrastructure-related debt, and channel FDI into productive, job-creating sectors with technology transfer, Ambassador Chowdhury called for a more representative global financial system, climate justice, action on loss and damage, and the return of stolen assets to their rightful owner. - UNB