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Adviser to the Prime Minister for the Ministry of Finance and Ministry of Planning Dr Rashed Al Mahmud Titumir has called for a comprehensive reform of the global financial architecture to ensure affordable, predictable and vulnerability-sensitive financing for developing countries.
Speaking at the Leaders’ Dialogue on “Leading SDG Action” during the 2026 SDG Moment, convened by the UN Secretary-General at the UN General Assembly Hall, Dr Titumir said the global financial system should go beyond financing development and help create the conditions necessary to sustain it.
“Our broader vision should be collective and forward-looking: a global financial architecture that does not merely finance development, but creates the conditions in which development can be sustained,” he said.
Dr Titumir outlined five priorities for reforming the international financial architecture, particularly multilateral development banks.
These include shifting from crisis response to anticipating vulnerabilities; giving vulnerable countries a stronger voice in international financial institutions; providing longer-term, lower-cost and predictable financing; aligning international finance with national development strategies through coordinated, multi-year financing; and ensuring flexible transition support and preferential arrangements for countries graduating from the least developed country (LDC) category, including Bangladesh.
He also highlighted Bangladesh’s SDG Village initiative as an integrated, community-led approach to translating the Sustainable Development Goals into tangible improvements at the local level.
The dialogue also featured Teresa Ribera of the European Commission, Aristide Médénou, Minister of Economy and Finance of Benin, and Beatriz Carles de Arango, Minister for Social Development of Panama.
Sherwin Bryce-Pease of the South African Broadcasting Corporation moderated the discussion.
