Bangladesh seeks efforts to address challenges of LDCs | 2018-09-28 |

Bangladesh seeks efforts to address challenges of LDCs

    27th September, 2018 10:47:51 printer

Bangladesh has said a number of Least Developed Countries (LDCs) are now in the pipeline to graduate and their challenges should be taken into consideration so that they do not regress to the LDC category, reports UNB.

“There must be focused and time-bound support measures for the graduating and the graduated LDCs,” said State Minister for Foreign Affairs M Shahriar Alam.

He made the remarks while addressing at annual ministerial meeting of the LDCs held at the UN headquarters on Wednesday.

The State Minister laid emphasis on more LDC-focused discussion in the United Nations (UN) particularly on bolstering development cooperation in areas which are critical for the LDCs.

“We need to have a more LDC-focused discussion in the UN,” said the State Minister for Foreign Affairs.

He said the LDC group must play a proactive role in highlighting and securing its collective interests in the 73rd UN General Assembly for the full, effective and timely implementation of the Istanbul Declaration and Programme of Action (IPOA).

Bangladesh completed its term as the chair of the Global Coordination Bureau of the LDCs on Wednesday.

UNDP Associate Administrator Tegegnework Gettu reaffirmed UNDP’s commitment to accelerating development progress by LDCs, towards the implementation of the 2030 Agenda.

He said LDCs need not only faster GDP growth but also to ensure that growth is inclusive and sustained.

“For growth to be inclusive, a significant reduction in income inequality will have to go along with faster growth rates. In addition, LDCs have to snap out of the boom and bust cycle of high growth volatility that affects so many countries,” said Tegegnework Gettu.