, May 28 -- Bangladesh has said international cooperation must be enhanced to combat illicit financial flows from developing economies.

"Political will is essential to ensure the return of stolen assets to their countries of origin. This is a matter of justice, equity, and trust in the international system," said Permanent Representative of Bangladesh to the United Nations Ambassador Salahuddin Noman Chowdhury.

Speaking at the general debate of the 22nd session of the high-level committee on South-South Cooperation New York on May 27, the Ambassador said the development gains of the South are eroded by such illegal flow of assets from South to North.

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