Bangladesh has called for stronger international cooperation to help recover assets siphoned off from developing countries through illicit financial flows, urging a united effort to ensure global economic justice.

Ambassador and Permanent Representative (PR) of Bangladesh to the United Nations (UN) Salahuddin Noman Chowdhury also underscored the need for “collective political goodwill” to address the challenge of capital flight and ensure accountability.

He made the plea while speaking at the 22nd session of the UN High-Level Committee on South-South Cooperation in New York. 

“The recovery of stolen assets is not only a financial issue, but a matter of credibility and justice,” he said, urging international partners to support efforts by developing nations to repatriate laundered funds.

The Bangladeshi envoy also called for the continuation of special trade and economic privileges for countries transitioning from Least Developed Country (LDC) status. 

He argued that such benefits should be phased out gradually to ensure a smooth, sustainable, and irreversible graduation process.

Salahuddin Noman Chowdhury underscored the importance of social enterprises in fostering sustainable development. 

Citing the success of ‘social business’ models, he noted their potential in delivering essential services in health, education, food security, and renewable energy.

Highlighting the demographic strength of developing nations, the Ambassador urged placing youth at the center of development strategies. 

He emphasized the need for greater investment in education and emerging technologies such as artificial intelligence to unlock the full potential of young populations.

Reaffirming Bangladesh’s commitment to global solidarity, he reiterated Dhaka’s support for building a just, inclusive, and sustainable “triple-zero” world – one free of poverty, hunger, and emissions – through enhanced cooperation among developing countries.

SMS/