• Sunday, Mar 26, 2023
  • Last Update : 10:24 am

‘Graduating, graduated countries from LDC need extended int'l support’

  • Published at 11:44 am November 7th, 2020
President of Unicef Executive Board and Permanent Representative of Bangladesh to the United Nations Ambassador Rabab Fatima
File photo: President of Unicef Executive Board and Permanent Representative of Bangladesh to the United Nations Ambassador Rabab Fatima addresses the first-ever virtual Annual Session of the Unicef Executive Board in New York on June 30, 2020 PID

Ensure additional finance for the LDCs and ensure their access to low-cost and low-risk sources of funding, says Rabab Fatima

Permanent Representative of Bangladesh to the United Nations Ambassador Rabab Fatima said the graduating and the graduated countries from the LDC categories need extended international support to ensure their forward journey and prevent any possible slide back.

She urged for ensuring additional finance for the least developed countries (LDCs) and to ensure their access to low-cost and low-risk sources of funding.

Ambassador Fatima was addressing the high-level presentation of the Organization for Economic Co-operation and Development (OECD) publication, “Multilateral Development Finance 2020 (MDF)” held in New York on Friday.

Highlighting some silver linings behind the current pandemic she stressed on the need for reform for removing the persistent weakness of the global development finance system, said a media release on Saturday.

For smooth functioning of the global development finance system she emphasized to ensure flexible and equitable governance for them.


Also Read - Rabab Fatima: Protection of human rights of utmost importance to Bangladesh


She further noted the importance of maintaining a balance between development and humanitarian financing of the UN agencies.

Focussing on the importance of involvement of national governments in Sustainable Development Goals (SDG) implementation, she urged the OECD countries to leverage innovative financing, Solutions Through Innovative (STI) and emerging technologies for meeting the ensuing resource gaps.

She underscored the importance of collective effort for eradication of the climate vulnerabilities of the LDCs and other vulnerable countries.

The report published by the OECD high-lighted the evolution of multilateral development finance systems, their sources of funding and their pattern of financing throughout the world. It also illustrated various challenges faced by the system and the possible ways that can be pursued for their recovery.

The event was co-chaired by the UN permanent representatives of Switzerland and Indonesia. Among others, permanent representatives of member states, director OECD, UN assistant secretary general, high-level dignitaries, and experts attended the event.

50
Facebook 50
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail