Dhaka 14 October, 2026

Bangladesh Urges UN to Create Global Debt Relief System amid Shocks

Rtv News

Publish : 18 Jul 2026, 01:36 PM
Finance Adviser Rashed Al Mahmud Titumir meets UNICEF Deputy Executive Director Ted Chaiban at UNICEF House in New York. -UNICEF Photo

Dr. Rashed Al Mahmud Titumir, the Prime Minister’s Adviser on Finance and Planning, has urged the United Nations system to set up a comprehensive international framework for debt restructuring, relief, suspension and long-term sustainable debt solutions.

The proposed mechanism aims to assist developing nations in managing severe budgetary pressures triggered by the ongoing conflict in the Middle East and other destabilizing global shocks.

The adviser emphasized that implementing these financial interventions is critical to ensuring that developing economies can maintain essential funding for children, women, education, healthcare, and social safety nets while simultaneously keeping their broader Sustainable Development Goals (SDGs) targets on track.

Dr. Titumir detailed these pressing economic concerns during a high-profile meeting with Ted Chaiban, the UNICEF Deputy Executive Director for Humanitarian Action and Supply Operations, held at the UNICEF House in New York.

A subsequent press release noted that the adviser pointed out how surging global energy costs, fractured international supply chains, and ballooning debt obligations have combined to drastically restrict Bangladesh's current fiscal flexibility.

Yet, even when confronting these deep structural obstacles, he affirmed that the administration is unyielding in its dedication to shielding vulnerable demographic groups and advancing its overarching plan to build a democratic human welfare state guided by its 'Bangladesh First' ideology.

State Minister for Planning Zonayed Abdur Rahim Saki was also a key participant in the diplomatic dialogue.

During the deliberations, the financial adviser drew attention to the administration's long-term plan to construct a universal, life-cycle-based social security structure that positions women at the absolute core of national advancement.

He explained that the state's Family Card initiative is engineered to directly anchor women-led households, providing target assistance tailored to distinct life phases, which includes critical windows such as pregnancy, early childhood development, educational access, disability support, and elderly care.

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Building on this policy framework, State Minister for Planning Zonayed Saki underscored how crucial it is to establish highly integrated and accurate national data frameworks.

He presented the administration's prospective 'One Child, One Card, One Number and One Wallet' blueprint, an integrated operational model designed to streamline official birth registrations, maximize school enrollment rates, and ease public interaction with state-provided services.

To complement this digitization, the state minister explicitly requested UNICEF’s operational backing to upgrade the pedagogical skills of the nation’s teaching workforce using modern digital training platforms and interactive instructional tools.

Furthermore, the state minister put a spotlight on ongoing domestic programs that foster multilingual education, athletic training, cultural exposure, museum field trips, and diverse extracurricular programs, describing these as indispensable pillars for the comprehensive and holistic growth of young citizens.

In response, Deputy Executive Director Ted Chaiban extended his formal congratulations to the newly elected government of Bangladesh.

He also used the opportunity to celebrate the nation's milestone election to the presidency of the upcoming 81st Session of the United Nations General Assembly.

The high-ranking UN official praised the administration's bold policy blueprints crafted to shield marginalized populations, specifically women and children, despite having to navigate severe economic roadblocks.

Expressing deep alignment with the developmental targets presented during the session, Chaiban pledged that UNICEF remains fully dedicated to deepening its long-standing collaborative ties with Bangladesh.

He assured that the UN agency will continue providing active support across critical sectors, including foundational education, early childhood growth, nutritional programs, social protection systems, professional teacher development, and the refinement of child-focused data networks.

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