LDCs want dues, not charity under international commitments: PM

Prime Minister Sheikh Hasina today said the Least Developed Countries (LDCs) want its dues, not charity under international commitments for their real constructional transformation.

"I can assure you that LDCs will also keep their side of the bargain. Our nations do not ask for charity; what we seek are our dues under international commitments," she said. 

The premier was addressing opening plenary meeting of the 5th United Nations Conference on Least Developed Countries (LDC5: From Potential to Prosperity) at the Qatar National Convention Centre (QNCC) here.

"The Doha Programme of Action is yet another assurance of hope for the world's most vulnerable countries. The international community must renew its commitment for real structural transformation in LDCs," she said.

For graduating LDCs, she said that there should be some incentives for their performance.

"They should enjoy the international support measures for LDCs for an extended period of time. They need enhanced investments and know-how to build their productive capacities," she said 

Sheikh Hasina went on saying that there can be some innovative and transitional financing mechanisms meant for them.

However, LDCs need sustained support to double their share of global trade, she said, adding ODA targets for LDCs from developed countries deserve to be fulfilled.

The prime minister said the International Financial Institutions have the means to support debt sustainability in LDCs. 

"Climate financing for LDCs should be made flexible and predictable. Technology transfer to LDCs needs to be tangible and meaningful. Our migrant workers need protection for their rights and well-being. We cannot fail the 226 million youth in LDCs," she added.