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The Permanent Representative of Bangladesh to the United Nations and Ambassador Salahuddin Noman Chowdhury today emphasized the potential of social business as an innovative tool for mobilizing private investment for sustainable development.
He underscored the transformative role of social business in aligning private capital with positive social impact while addressing a panel discussion at the ECOSOC Forum on Financing for Development (FFD Forum) at the UN Headquarters, a press release said.
Ambassador Chowdhury presented social business as a proven model, pioneered by the Chief Adviser (CA) of Bangladesh Professor Muhammad Yunus where the investments target social outcomes rather than personal profit.
According to the release, Bangladesh's experience demonstrates how this model has successfully mobilized private resources to empower women, support vulnerable communities and address critical challenges in sectors such as food security, health, education and renewable energy.
The Bangladesh PR also stressed the need to expand support for innovative financing instruments and to create an enabling ecosystem through appropriate policies, blended finance tools and de-risking mechanisms.
The envoy is leading Bangladesh's interministerial delegation to the FFD Forum and the Fourth Preparatory Committee Meeting of the Fourth International Conference on Financing for Development (FfD4).
Bangladesh is actively engaged in the FfD4 negotiations and anticipates participation in the conference at the highest level.
