Titumir Calls for Reform of Global Financial Architecture

Prime Minister’s Finance and Planning Adviser Dr Rashed Al Mahmud Titumir has called for comprehensive reform of the global financial architecture to ensure affordable, predictable and vulnerability-sensitive financing for developing countries.

Speaking at the Leaders’ Dialogue on “Leading SDG Action” during the 2026 SDG Moment at the UN General Assembly Hall on September 18, Titumir said the broader vision should be collective and forward-looking: a global financial architecture that not only finances development but also creates the conditions needed to sustain it.

He outlined five priorities for reforming the international financial architecture, particularly multilateral development banks. These include shifting from crisis response to anticipating vulnerabilities, giving vulnerable countries a stronger voice in international financial institutions, providing longer-term and lower-cost predictable financing, aligning international finance with national development strategies, and ensuring flexible transition support and preferential arrangements for countries graduating from the least developed country (LDC) category, including Bangladesh.

Titumir also highlighted Bangladesh’s SDG Village initiative as an integrated, community-led approach to translating the Sustainable Development Goals into tangible improvements at the local level.

The dialogue also featured Teresa Ribera of the European Commission, Aristide Médénou, Benin’s Minister of Economy and Finance, and Beatriz Carles de Arango, Panama’s Minister for Social Development. Sherwin Bryce-Pease of the South African Broadcasting Corporation moderated the discussion.