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Strategy taken to face impact of graduation from LDCs: PM

Provide funds to achieve SDGs, she tells BDF

January 18, 2018 00:00:00

Prime Minister Sheikh Hasina said on Wednesday that for the first time Bangladesh will achieve the qualification of graduation from LDC category at United Nations Committee for Development Policy's triennial review meeting to be held in March next, report agencies.

Bangladesh is ready to stand with developing countries after coming out from the status of the Least Developed Countries (LDCs) in March next and 'a strategic preparation has been taken to face the impact', she said.

The Prime Minister mentioned her government's confidence that it has all materials to highlight Bangladesh as a dynamic economy before the world though a number of benefits will be discontinued after graduation from the LDC.

The Prime Minister was speaking at the inaugural session of the two-day Bangladesh Development Forum at Pan Pacific Sonargaon Hotel. The slogan of this year's forum is "Partnership for Development".

The Prime Minister urged the developed countries to be more courteous about a flexible world trade regime to help the developing countries like Bangladesh to achieve their overall development, poverty alleviation and employment generation, report agencies.

She also said that in addition to traditional financial assistance in dealing with environmental and climate change, the international community will have to be more attentive to the world trade system.

"This can contribute to overall global development, including poverty alleviation, employment generation," she said.

She urged the developed countries to come forward with financial and technical assistance to implement the development goals for achieving the sustainable development goals (SDGs).

"To ensure the disbursement of funds is a big challenge to achieve SDGs. For this, the developed countries will have to come forward with financial and technical assistance to implement the development goals," she said.

Sheikh Hasina said in the development of ongoing progress, Bangladesh considers private partnerships, including international partner countries and organisations as important.

She mentioned that the government has now initiated the establishment of 100 economic zones in different areas of the country for foreign direct investment, working in other infrastructure development and implementing necessary reform programmes to create a more foreign investment-friendly environment.

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