Bangladesh has called for a UN-led international debt relief mechanism to help developing countries cope with mounting fiscal pressures from global crises. It also sought backing for a three-year extension of its preparatory period for graduating out of the Least Developed Country (LDC) category.
The issues were raised at high-level meetings at the UN Headquarters in New York yesterday as Bangladeshi ministers intensified diplomatic efforts ahead of graduating out of the LDC category.
The finance and planning adviser, Rashed Al Mahmud Titumir, urged the UN to establish an international mechanism for debt restructuring, debt relief, debt suspension and sustainable debt solutions to protect investments in children, women, education, health…