Bangladesh seeks collective efforts for sustained global growth-Xinhua

Bangladesh seeks collective efforts for sustained global growth

Source: Xinhua| 2023-01-12 22:01:30|Editor: huaxia

DHAKA, Jan. 12 (Xinhua) -- Bangladeshi Prime Minister Sheikh Hasina on Thursday put forward six proposals before the Group of 20 (G20) nations, saying these are needed to be addressed collectively for a sustained global economic growth and development of the "Global South."

"Taking current global economy amid the Russia-Ukraine conflict and the COVID-19 pandemic into account, it is high time to work collectively for a just and fair economic order," the prime minister said.

Hasina made the remarks while addressing virtually the Inaugural Leaders' Session in the Voice of the South Summit 2023 in New Delhi, India, from her official residence in the capital Dhaka, according to Bangladesh Sangbad Sangstha, the country's national news agency.

In her first proposal to achieve a sustained global economic growth, the premier said global peace and stability must be maintained for greater benefits of humanity.

Secondly, she said it needs a new paradigm that will address inequality in a holistic manner in parallel with the UN Sustainable Development Goals (SDGs).

She also said thirdly, special financing needs for the most vulnerable countries, including the least developed countries (LDCs) and climate vulnerable countries, among others, must be met during their transition.

In her fourth proposal, the prime minister stressed the need for making bridge between the digital divides to ensure equal opportunities for all, including women, suggesting taking advantage of the fourth Industrial Revolution by investing in young population for whom financing and technology transfer support is vital.

Fifthly, she said all human beings should have equal rights to lead a decent life.

The prime minister finally said to strengthen South-South and Triangular Cooperation, a collaboration in which traditional donor countries and multilateral organizations facilitate South-South initiatives, to ensure global human development. "Here, support from partners, international financial institutions, private sectors, think tanks and other stakeholders are crucial." ■

EXPLORE XINHUANET