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Development

Anything but bitter truth: Structural crisis of capitalism

By Jon Kofas In so far as capital markets predict economic trends, the downturn in global markets during December 2015-January 2016 indicate the kind of contraction that IMF economists are also predicting after revising earlier estimate downward for GDP of major economies. “World stock market losses are approaching $8 trillion so far this year and investors last week poured the ... Read More »

‘Higher investments in agriculture must to achieve New Global Goals’

Rome – Development leaders, heads of state and government representatives gathered for the opening of the 39th Session of the Governing Council of the International Fund for Agricultural Development (IFAD) to explore ways of boosting investments in smallholder agriculture that are essential to achieving the Global Goals of ending poverty and hunger. In his opening statement, Sergio Mattarella, the President ... Read More »

Sustainable dev impossible in Asia-Pacific without better data

Shamshad Akhtar As governments embark on the 2030 Agenda for Sustainable Development, the first thing they must do is identify and plug gaps in data availability and quality, says UN ESCAP Under-Secretary-General Shamshad Akhtar. 2016 marks the start of the aspirational and transformative 2030 Agenda for Sustainable Development. The first priority for all national governments in strategizing for implementation of ... Read More »

Can wealth concentration be stopped?

Muhammad Yunus Victory of the People Outcome of Cop 21 got me thrilled and inspired. After 40 years of battle between believers and non-believers finally believers won. They persuaded everyone that the world is in real danger, and we must act collectively. Paris got all the nations, big and small, together to sign on a legally binding agreement to protect ... Read More »

Development with equity book launched

Dr. Sadiq deserves credit for bringing out such a timely book, which not only celebrates the progress we have made so far but also alerts us to what to focus on in the coming years. Dr. Alamgir and Dr. Mujeri have shed lights on our development challenges and opportunities. In my view, these discussions are very relevant as we are ... Read More »

South Asian Speakers underscore SDGs success

Dhaka – The South Asian Speakers in a summit here on Saturday stressed joint efforts and sharing best practices to successfully implement the Sustainable Development Goals (SDGs) giving an improved life and better future for people in the region. They also called for adopting ‘effective and innovative’ ways for successful implementation of laws, policies and strategies to overcome the barriers ... Read More »

Super-rich: 62 people own as much as half the world

The world’s richest 62 people now own as much wealth as half of the world’s population, according to a report by the charity Oxfam. Super-rich individuals saw an increase of 44 percent since 2010, taking their cumulative wealth to $1.76 trillion – equivalent to the total owned by 3.5 billion of the world’s poorest people. Read More »

‘Climate compatible dev requires participation of all’

Dhaka – Simon Maxwell, a leading thinker on international development on Saturday stressed the need for visionary leadership, appropriate policies and their implementation by enlisting the participation of all to make development climate compatible. Delivering the anniversary lecture 2015 of the Centre for Policy Dialogue at the Westin Dhaka he said while zero carbon development is the 2070 goal Bangladesh ... Read More »

2030 Agenda for Sustainable Development alternates MDGs

Jatinder Kaur New Delhi (ABC Live): 2030 Agenda for Sustainable Development : Avoid Temptation to Fall into ‘Declarationist Nominalism’ Pope Francis, Joined Other World Leaders in Hailing Post-2015 Framework. Climate change, environmental issues, the migrant and refugee crisis, and the general threat of terrorism were among the concerns voiced by delegates at the General Assembly, speaking as world leaders gathered ... Read More »

Growth to be 6.5 percent this year, 6.7pc next year: WB

Dhaka – World Bank chief economist Dr. Kaushik Basu on Sunday said that the economic growth of Bangladesh in 2015 will be 6.5 percent and this growth will reach 6.7 percent in 2016 when Chinese growth will be in the same position. He said it’s possible for Bangladesh to achieve 8 percent GDP growth within 3 years if it can ... Read More »

Influence of philanthropic foundations on global development

Aachen/Berlin/Bonn/New York – For the last few decades, increasing globalization of the world economy and waves of deregulation and privatization have facilitated the emergence and increased the power of private actors, particularly of large transnational corporations. However, it is not only “big business” but also “big philanthropy” that has an increasing influence in global (development) policy, particularly large philanthropic foundations. ... Read More »

Good governance, accountability must for SDGs: Prof. Wahiduddin

Eminent economist Prof Wahiduddin Mahmud on Saturday said good governance and accountability in public expenditure are a must for ensuring proper implementation of ambitious Sustainable Development Goals (SDGs) in Bangladesh. “To ensure the results of the development goals, accountably should be ensured and country specific targets should be fixed,” he said adding that monitoring the results corresponding the budget allocation ... Read More »

Bd Dev Forum highlights Govt’s economic agenda seeking support

Dhaka – A two-day Bangladesh Development Forum (BDF)-2015 began in the capital on Sunday with the government drawing attention of the development partners to its core development agenda, highlighting the economic achievements, macroeconomic indicators and the climate for investment, trade and employment. On the opening day of the BDF-2015, the government also focused on underlining the priorities, challenges and possible ... Read More »

Bangladesh Dev Forum meet Sunday: 12b being sought

A meeting of the Bangladesh Development Forum (BDF) will be held in Dhaka to underscore the need for foreign funding to implement sustainable development goals. Prime Minister Sheikh Hasina will inaugurate the two-day meet on Sunday, Economic Relations Division’s Senior Secretary Mohammad Mejbahuddin said on Saturday. Bangladesh will seek up to $12 billion in assistance for infrastructure development during a ... Read More »

Bangladesh’s rising forex reserves is a ‘pleasant problem’

Bangladesh Bank Governor Atiur Rahman says the foreign exchange reserves crossing the $27 billion mark is a ‘pleasant problem’.“Many countries face deficit. But we are in a nice problem…a problem of surplus. It’s very pleasing news,” he said. The foreign exchange reserves of Bangladesh Bank swelled to Tk 27.06 billion on Thursday. The amount was $22.27 billion on the same ... Read More »

100 more economic zones in phases: PM

Dhaka – Prime Minister Sheikh Hasina on Wednesday asked the authorities concerned to work with new concept to attract more local and foreign investment and reiterated her government’s plan to establish 100 economic zones in phases for further development of the country,. The Prime Minister gave the directives while addressing the third meeting of the governing board of Bangladesh Economic ... Read More »

Bangladesh praised for growth: Muhith

Finance Minister AMA Muhith says Bangladesh’s six percent plus annual GDP growth and significant improvement in social indicators has come in for praise all over the world.Just after World Bank president Jim Yong Kim showered praise on Bangladesh for its economic and social achievements in his inaugural speech at the World Bank-IMF Annual Meeting at the Peruvian capital on Friday, ... Read More »

Concern at little part of civil society in dev Planning

Speakers at a seminar on Thursday expressed their concern over little participation of civil society in the government planning process especially in vision 2021 and 7th five year plan, which are being considered as graduation strategies towards becoming middle income country. In view of Istanbul Plan of Action (IPOA) 2011, government is obliged to ensure civil society participation, they said ... Read More »

A fish called development

Oby Ezekwesili , José Maria Figueres and Pascal Lamy Geneva – The just-adopted Sustainable Development Goals (SDGs) are expected to herald the start of a new era in global development, one that promises to transform the world in the name of people, the planet, prosperity, peace, and partnership. But there is an ocean of difference between promising and doing. And, ... Read More »

ADB predicts 6.7 percent GDP growth in 2015-16

Bangladesh may achieve 6.7 percent GDP growth in the ongoing fiscal year, says the Asian Development Bank (ADB). In its outlook for 2015 released on Tuesday, the lending agency said a stable political environment, public and private sector investment as well as growth in export earnings and remittance inflow will fuel Bangladesh to achieve growth in FY 2015-16. “Bangladesh’s economy ... Read More »

Economic growth to be slightly up in current fiscal: ADB

Bangladesh economic growth is expected to go up slightly in the current fiscal year, due to strong domestic demand backed by better exports and remittances, says Asian Development Bank (ADB) yesterday. The bank in its latest outlook update for Asian countries, published yesterday, forecast that GDP growth is projected to further accelerate at 6.7 per cent, as both exports and ... Read More »

‘Bangladesh Bank to mobilise $7b for infrastructure dev’

Bangladesh Bank Governor Dr Atiur Rahman on Saturday said the central bank will mobilise a $7-billion fund for the country’s infrastructure development to accelerate the GDP growth from 6 percent to 8 percent, aiming to fulfill the nation’s dream of becoming a middle-income country. “Entrepreneurs and economists have insisted for $7-8 billion investment for infrastructure development to achieve an 8 ... Read More »

‘Hunger, poverty reduction, employment, quality education, need focus’

Although Bangladesh has already met targets of the Millennium Development Goals (MDGs), there are still areas that need greater attention including hunger-poverty reduction, employment generation and ensuring quality education at all levels. ‘Millennium Development Goals: Bangladesh Progress Report-2015’ published on Wednesday ata city hotel at the initiative of the General Economics Division (GED) of the Planning Commission, says this. The ... Read More »

Dhaka plans Indistrial Zone for China in Chittagong area

Dhaka – Bangladesh’s National Economic Council (Ecnec) on Tuesday approved the proposed Chinese Economic & Industrial Zone to be set up on 774.25 acres of land at Anwara, Chittagong involving Tk 420.37 crore exclusively for Chinese investors. The approval was given to the project, officially known as ‘Acquisition of Land for Development of Anwara-2 Economic Zone, at the 7th Ecnec ... Read More »

UN’s Post-2015 Development Agenda under fire

UN, Jul (IPS) – The U.N.’s highly ambitious post-2015 development agenda, which is expected to be finalised shortly, has come fire even before it could get off the ground. A global network of civil society organisations (CSOs), under the banner United Nations Major Groups (UNMG), has warned that the agenda, which includes 17 Sustainable Development Goals (SDGs), “lacks urgency, a ... Read More »

Campaign to reclaim future opposing the corporate “development” agenda

AID/WATCH, Australia has launched a campaign to oppose the corporate development agenda being promoted by multilateral agencies at the cost of peoples’ goals for sustainable development. A canpaign statement prepared by it has been circulatged worldwide for endorsement by people’s organisations working for sustainable development. The statement is as follows In the face of overwhelming evidence of persistent poverty, deepening ... Read More »

India, China, Malaysia want to fund Padma bridge: Quader

Communication Minister Obaidul Quader on Friday said Malaysia, China and India are interested in bridging the Padma, hours after Bangladesh formally withdrew its bid to secure World Bank funding for the $2.9-billion bridge. “The funding will be confirmed within this month (February) … work will begin in this very term (of the government),” he added. The minister added, “Bridging the ... Read More »