Bangladesh and the United Nations Trade and Development (UNCTAD) have warned that the ongoing conflict in the Middle East poses serious risks to the global economy, particularly for developing countries.
The issue was discussed when UNCTAD Secretary-General Rebeca Grynspan met Foreign Minister Dr Khalilur Rahman at the Permanent Mission of Bangladesh to the United Nations in New York on Monday (New York time).
During the meeting, the two sides reviewed the evolving global economic situation in light of the conflict and stressed the need to avoid further escalation.
According to the Ministry of Foreign Affairs, both leaders urged all parties involved to pursue diplomatic solutions to prevent further disruption to global stability.
They noted that disturbances in international trade and volatility in global energy markets are already affecting developing economies, with the poorest nations facing the risk of losing years of development progress.
Grynspan, a former vice president of Costa Rica, and Rahman also discussed their respective candidacies for upcoming United Nations leadership roles. Grynspan is seeking the position of UN Secretary-General, while Rahman is a candidate for President of the 81st session of the UN General Assembly.
Ambassador Salahuddin Noman Chowdhury, Bangladesh’s Permanent Representative to the United Nations, was also present during the meeting.
Established in 1964 by the UN General Assembly, UNCTAD serves as a permanent intergovernmental body that works to promote trade, investment and sustainable development across the world.
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