Online Desk/

Prime Minister Sheikh Hasina said that in this time of increasing instability, international cooperation is necessary to build tolerance for the weak among the global community to face future challenges.

Reiterating the urgent need to end the war in Ukraine, he said the protracted war and imposed sanctions and counter-sanctions continue to destabilize the world. Every day of war is taking and destroying many lives in conflict zones and in the farthest reaches of the world.

He said these things in a virtual speech at the Global Crisis Response Group (GCRG) meeting on Friday. Khabar bus.

The Prime Minister said, “Unfortunately, as we contemplate today the escalating crisis and its devastating impact on humanity, the conflict in Ukraine continues.” In fact, new sophisticated weapons are being used in warfare every day, causing more destruction and severely affecting the lives of people around the world. Poverty and inequality are increasing sharply and the debt burden of poor countries is increasing.

He said these problems and other shocks have pushed up food, energy and other commodity prices around the world. As a result, progress on the Sustainable Development Goals is being delayed.

He said Bangladesh as an energy and food importing country is suffering from rising import costs, inflation and foreign exchange reserve pressure.

In this context, the Prime Minister of Bangladesh highlighted some of his specific thoughts to build resilience to face future challenges.

Sheikh Hasina said, “We need a reformed international financial framework that will provide financial benefits to the least developed and developing countries with unconditional access to concessional, low-cost, low-interest funds.”

Factors that affect food prices – such as export restrictions, stockpiles and supply chain distortions – need to be addressed, he said. The Prime Minister congratulated the UN Secretary General for the Black Sea Initiative and said it needs to be expanded to feed people and save lives.

He said that besides reducing energy imports through domestic energy mix and renewable energy, energy needs to be used judiciously.

Pointing out that food and energy security and climate change are interconnected, Sheikh Hasina said burning fossil fuels accelerates climate change, which increases the frequency and intensity of natural disasters. This in turn affects agriculture, food production and human displacement, he said.