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Bangladesh elected CFMM chair for 2022

Published : 13 Oct 2021 10:16 PM | Updated : 14 Oct 2021 12:07 PM

Bangladesh Finance Minister AHM Mustafa Kamal has been elected as the chairperson of the 2022 Commonwealth Finance Ministers' Meeting with support of Malaysia's official proposal, and Brunei at this CFMM.

A virtual meeting of the Commonwealth Finance Ministers was held on Tuesday on the sidelines of the World Bank-IMF Annual Meetings 2021.

Finance ministers of the 54 Commonwealth countries alongside high-level officials attended the meeting through a virtual platform. 

Finance Minister AHM Mustafa Kamal led the Bangladesh delegation at the meeting.

After being elected as the new chairperson of CFMM for 2022, the finance minister thanked the authorities concerned on behalf of the people of Bangladesh, said a Finance Ministry press release today. 

The release said that the finance minister apprised the meeting that Bangladesh has been attaining an unprecedented growth of 7.4 percent on average for the last one decade.

Even in the midst of the Covid-19 epidemic, when the global economy shrunk by 3 percent last year, Bangladesh is still in the top five tolerant economies, according to surveys by several international organizations, he informed.

He mentioned that Prime Minister Sheikh Hasina received the SDG progress award last month during her participation at the 76th United Nations General Assembly (UNGA).

Presided over by Prime Minister of Antigua, Gaston Browne, Commonwealth Secretariat Secretary General Patricia Scotland spoke on the occasion.

The speakers at the meeting highlighted providing loans for sustainable and economic recovery, providing loans for tackling climate change impacts, Commonwealth climate finance access hub and other issues.

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