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Bangladesh highlights priority of recovering stolen assets

Seeks UN support to combat illicit financial flows

Special Correspondent Diplomacy 2024-10-16, 7:12am

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FS Md Jashim Uddin meets UN Under-Secretary-General (USG) for Economic and Social Affairs Li Junhua in NY Oct 14



Dhaka, Oct 16 - Foreign Secretary Md Jashim Uddin had a series of meetings with the UN high officials and highlighted the interim government's priority of recovering stolen assets.

He called for the UN’s cooperation in addressing tax evasion and combating illicit financial flows.

Regarding Bangladesh’s upcoming graduation from LDC status, the Foreign Secretary stressed the need for continued international support during both the transition and post-graduation phases.

Acknowledging the challenges in achieving the Sustainable Development Goals (SDGs) due to the global economic downturn triggered by the COVID-19 pandemic and ongoing global conflicts, he sought stronger support from the UN System, including through development cooperation facilitated by the Resident Coordinator’s Office.

He also expressed appreciation that the Department of Economic and Social Affairs (DESA) will serve as the implementing body for the recent Bangladesh-led UN General Assembly resolution declaring May 6 as Rural Development Day.

The Foreign Secretary met with UN Under-Secretary-General (USG) for Economic and Social Affairs Li Junhua in the UN Headquarters in New York on October 14.

During discussion, he briefed the USG on the ongoing reform process in Bangladesh currently being undertaken by the interim government, reflecting the aspirations of the “July-August Revolution”.

Jashim emphasized the importance of the UN’s technical and policy support in advancing the government’s reform agenda, particularly in enhancing accountability and transparency, building on the five decades of partnership between the UN and Bangladesh, according to the Ministry of Foreign Affairs.

USG Junhua appreciated Bangladesh’s current chairmanship in the Second Committee of the UN General Assembly and assured all out support from the Secretariat.

Junhua told the Foreign Secretary that DESA would be happy to assist Bangladesh in the reform process, particularly through their tools for public institution capacity building and digital governance.

The USG further stated that the LDC graduation should indeed be considered a new starting point, and the graduated countries should continue to benefit from preferential arrangements.

Concerning SDG implementation, the USG underscored the importance of the upcoming Fourth International Conference to be held in 2025 in Spain, during which efforts would be made to reinvigorate the global development assistance, including through innovative financing, ensuring debt sustainability and the reform of the international financial institutions.

The Bangladesh Foreign Secretary also met Selwin Charles Hart, UN Secretary General’s Special Adviser on Climate Action.

During the meeting, the FS reiterated Bangladesh’s call for the full implementation of the Paris Agreement, including ensuring adequate climate finance as promised.

Underscoring that Bangladesh is one of the most climate vulnerable countries, he also stated that internal displacement due to sea level rise and other climate change related disasters remains a great existential risk for many countries.

The Foreign Secretary also said, the Chief Adviser is a global champion of zero carbon emission as part of his ‘three zeros’.

Informing that Bangladesh’s ‘National Adaptation Plan’ would require USD 230 billion till 2050, he also underscored that climate financing for adaptation remains underfunded, and there is also a limit of adaptation measures. The Foreign Secretary sought for the UN’s continued support for Bangladesh in addressing the adverse effects of climate change.

UN Secretary General’s Special Adviser Selwin Charles Hart appreciated Bangladesh’s long-standing leadership role in global climate discourse.

Selwin Charles Hart hoped for the highest-level participation from Bangladesh at the upcoming COP29 and also emphasized creating country platforms for addressing adaptation and resilience building needs.

Foreign Secretary Jashim also held a courtesy meeting with Rabab Fatima, UN High Representative for LDCs, LLDCs, and SIDS.

The discussions focused on UN’s support to the reform agenda, LDC graduation and UN’s support during the transition and post transition phases, and increased representation of Bangladeshi nationals in the UN at policy level.

The UN Under Secretary General congratulated the Foreign Secretary on the new role and discussed the Doha Programme of Action (DPoA) implementation, Bangladesh’s path to LDC graduation and its crucial role as an LLDC transit country and assured UNOHRLLS’ full support to Bangladesh’s smooth transition strategy.-UNB