• Wednesday, Jul 15, 2020
  • Last Update : 01:46 am

Overcoming Covid-19 impacts in LDCs

  • Published at 04:08 pm June 4th, 2020
Chittagong port
File photo of containers in Chittagong port Dhaka Tribune

Dhaka for responsible business conduct, migrants’ protection

Bangladesh has called upon the countries to practise reasonable business conduct and ensure the protection of the migrants to overcome the impact of the Covid-19 pandemic in the least developed countries (LDCs).

“We urge our trading partners to practise responsible business conduct during this crisis. It is no time for economic or trade protectionism. LDCs should be given their previously committed market access,” said Rabab Fatima, Bangladesh permanent representative to the United Nations.

Addressing a virtual meeting titled “SDG financing in the era of COVID 19 and beyond” in New York on Wednesday, she highlighted the challenges of the disrupted global supply chain and its devastating impacts on export in countries like Bangladesh, where factory workers are losing jobs on a large scale, said the Bangladeshi permanent mission on Thursday.

Mentioning the pandemic as a global health as well as an economic and social crisis, Fatima told the participants that the consequences would be borne by the peoples and economies of the vulnerable countries for years to come.

She said the SDG implementation plans in many countries were on hold as they are diverting their limited resources to meet emergency health needs as well as to expand social protection system.

Referring to the fall in remittances and the challenge of managing the return of migrant workers for countries like Bangladesh, she stated that migrants face health, socio-economic and protection crisis. 

She called upon the migrant destination countries to ensure the rights of migrants and to keep them in their respective response and recovery plans.

The permanent representative informed the meeting that the Bangladesh government had announced a $12.1 billion stimulus package, which is 3.7% of its GDP, for various sectors of its economy as well as support measures for different groups. 

She underscored the need for a stronger global solidarity and cooperation to overcome this unprecedented crisis and said that equitable access to finance will also be a vital step to ensure resilient and sustainable recovery from Covid-19.

“Private creditors as well as the idle private capital should be incentivized for investment in the vulnerable developing countries,” she added.

Fatima also called for more vigorous efforts to finance climate actions, which will support the vulnerable countries in building better resilience against any future disaster.

56
55
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail