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Bangladesh: Momen calls for global cooperation to fight economic fallout

DHAKA, 21 July 2022, (TON): Foreign Minister Dr. AK Abdul Momen called for global cooperation for the ongoing fight against the pandemic and economic recovery.

A foreign ministry press release said “his call came in a statement at the Virtual Global Action Plan Foreign Ministerial Meeting jointly convened by Japanese foreign minister Hayashi Yoshimasa and the US Secretary of State Antony J. Blinken.”

Momen said “economic recovery remains at the core of fighting pandemic as the fear of COVID induced stagflation caused an exodus of funds from the developing economies at a time when they need significant investments.”

To support their economic recovery, he urged the advanced countries and global financial institutions to enhance flow of concessional loans, including in the healthcare sector; and increase financing in low-carbon developments and transfer green technologies to build back better.

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