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SUPRO demanded in a press Conference on the eve of UN – ESCAP workshop in Dhaka Bangladesh’s Foreign Debt must be cancelled to mitigate the Global Financial Crisis


SUPRO a civil society network of grassroots organizations organized a press conference on 26th July 2009 at Dhaka Reporter’s Unity on the eve of UN–ESCAP workshop (27-30 July) in Dhaka on ‘Strengthening the Responses to the Global Financial Crisis in Asia-Pacific: The Role of  Monetary, Fiscal and External Debt Policies”. As this issue is critically important to address the root causes of poverty, improvement of livelihood of poor and marginalized people in considering remarkable threat of global financial crisis, SUPRO responded on the debt burden of the Bangladesh that is gradually squeezing the budgetary allocation to the basic services like health, education and other essential services.  SUPRO prioritizes the debt burden of Bangladesh as a major constraint of achieving MDGs and extending essential services to the grassroots, poor, disadvantaged and marginalized people.

In the press conference Abdul Awal, Chairperson of SUPRO has presented the key points and major demands to the journalists while Uma Chowdhury, Director of SUPRO has delivered the welcome speech. The queries of journalists were responded by Abdul Awal and Uma Chowdhury. In that press conference, Mohsin Ali, Executive board member of SUPRO, Mr. K.G.M Faroque, Executive Board member of SUPRO, Mahabub Morshed, National council member of SUPRO, Monju Rani Pramanik, Executive Board member of SUPRO, Ferdous Ahmed and Feroja Begum from SUPRO Dhaka Campaign group were also present along with SUPRO secretariat staff..
 
To attract the kind attention of Bangladesh government and the leaders of Asia-pacific Region, SUPRO has placed the following demands particularly to cancel the debt of Bangladesh on behalf of civil society organizations that should be considered in the upcoming UN – ESCAP workshop (27-30 July) in Dhaka;
International community especially G-8 countries must cancel all the incurred debt of Bangladesh and these cancelled debt should not be considered as development assistance. Against the existing structure of World bank and IMF, the sustainability of debt of poor countries should be considered on the basis of MDG-Compatibility and all the unsustainable debt must be cancelled. The lending/creditor countries should bear the responsibilities of debt related problems and these debts should be cancelled without any conditions.
The developed countries should provide extended assistance to mitigate the damage of global climate change caused by excess carbon emission by the developed countries and compensation must be paid to the heavily affected countries like Bangladesh.
 
The states should be freed from the influence of World Bank, IMF and multinational companies in taking economic decisions independently.
Under any commission of UN, the debt and development assistance related issues will be operated rather than authoritarian guidance by World Bank, IMF and ADB.
According to the commitment, the developed countries should provide 0.7% of their GNI as development assistance to the poor countries.
To keep the existence and interest of the comparatively weaker and poorer countries, policy coordination and cooperation should be increased among the Asia and Pacific countries.  
It has also been urged in the press conference that the issue of debt cancellation of Bangladesh needs to be presented in the international forums including UN and the Bangladesh government should take proper steps for cancellation of debt of Bangladesh.

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