• Wednesday, Dec 01, 2021
  • Last Update : 01:34 am

BD to need $928.48b to attain SDGs

  • Published at 08:57 pm December 10th, 2019
President Abdul Hamid
The dignatories present at inaugural ceremony of the Asia-Pacific conference on “Financing Inclusive and Sustainable Development” at Hotel Inter Continental in Dhaka on Tuesday, December 10, 2019 PID

Asia-Pacific Conference on Financing for Inclusive and Sustainable Development begins

Bangladesh would require an additional $928.48 billion to attain 169 targets under 17 Sustainable Development Goals (SDGs) by 2030, Foreign Affairs Minister AK Abdul Momen said on Sunday.

He was speaking at the opening session of the three-day "Asia-Pacific Conference on Financing for Inclusive and Sustainable Development" at a hotel in the capital. 

President Md Abdul Hamid inaugurated the high-profile international conference organized by the International Chamber of Commerce-Bangladesh (ICC Bangladesh).

According to foreign minister's statement, in the course of development and technological advancement to attain SDG goals and targets, Asian countries will require $1 trillion for infrastructure, $66 billion to eradicate poverty while another $37 billion and $ 42 billion for healthcare and education every year.

"For Bangladesh, our conservative estimate is that it would require an additional $928.48 billion to achieve SDG targets," Momen said. 

He said he came to know about the facts of financing necessity during his posting in the earlier years at the UN secretariat and worked closely with the United Nation's team overseeing Millennium Development Goals (MDGs) and SDGs.

"There is simply no way to manage the finance from traditional financing methods/ sources," he said.

He said innovative concepts like green bonds and sustainability bonds might work to fill the financing gap towards achieving SDGs.

He said Islamic finance become another big source of finance worldwide.

Finance Minister AHM Mustafa Kamal said that the money Bangladesh would require to achieve SDGs was a huge challenge.

"It is a huge amount (required). I look forward to your insightful ideas over the next couple of days, through experts' discussions," he said.

Kamal said exploring marine resources might widely help financing SDGs.

He mentioned climate change impact repairing as a huge challenge for Bangladesh at present. 

He said Bangladesh successfully attained the MDGs. 

"It is also possible to attain SDGs. Two things will be required — first, we must not stop moving forward and second, a concerted effort from all stakeholders worldwide," an optimistic Kamal said. 

In a video message, former UN secretary general Ban Ki-Moon said the current global resources were sufficient to meet 2030 agenda of SDGs. But, the challenge is to channeling the resources to the SDG implementing countries. 

Incumbent UN Secretary General António Guterres also sent a video message congratulating the ICC Bangladesh for its initiative of organizing the Dhaka conference. 

In his welcome address, Mahbubur Rahman, president, ICC Bangladesh, said the Dhaka conference was being organized in celebration of 100 years of ICC globally as well as 25 years of its presence in Bangladesh.

He said the conference aimed to recommend policies for the governments to explore financial resources for countries of the Asia-Pacific region through a series of plenary sessions.

In the next couple of days of the conference, policy makers, private business and financial sectors, international organizations, civil society organizations, and all other relevant stakeholders will discuss pressing issues of financing for inclusive and sustainable development.

Prime Minister's Private Industry and Investment Affairs Adviser Salman Fazlur Rahman, Executive Secretary of the United Nations Economic and Social Commission for Asia and Pacific Armida Salsiah Alisjahbana and ICC Bangladesh chapter's vice president Rokia Afzal Rahman also spoke. 

Facebook 51
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