Songdo, 9 July (Indrajit Bose and Meena Raman) — Attempts to arrive at consensus on the first formal replenishment process of the UNFCCC’s Green Climate Fund (GCF) came to a naught at the 20th meeting of the Board of the…
Category: Finance
Step up supports for Rohingyas: UN chief’s appeal
UN Secretary General Antonio Guterres on Monday called upon the international community to step up efforts to help Rohingyas living in Bangladesh.
First electric vehicle in Phnom Penh by DHL Express Cambodia
Phnom Penh, Cambodia – Media OutReach – 27 June 2018 – DHL Express, the world’s leading international express services provider, has deployed the country’s first electric vehicle in the Phnom Penh Special Economic Zone for delivery and pick-ups within the…
The costs of trade war
by Mukhisa Kituyi Geneva – According to an old African proverb, “When elephants fight, it is the grass that suffers.” The same is true for full-blown trade wars: when major economies clash, developing countries will be among the hardest hit.
Lottery for disabled people’s organization, BPKS, launched
Dhaka, June 20 – The Minister for food Quamrul Islam on Wednesday opened a lottery of the Bangladesh Protibandhi Kallyan Somity (BPKS) to raise fund for this national voluntary organization dedicated to the welfare of people with all forms of…
Assistance urgent for Rohingya facing severe monsoon: AI
On World Refugee Day, Amnesty International calls on the international community to urgently step up international assistance for more than 900,000 Rohingya refugees in Bangladesh’s Cox’s Bazar District as they face severe monsoon weather.
Interest rates on Bank loan to be 9 percent in July
Dhaka, June 20 – The Bangladesh Association of Bankers (BAB) has decided to reduce the bank loan interest rate to a single digit. From July next, the rate would be 9 percent and it would be 6 percent for deposits.
UN scy gen, WB president due in Dhaka Wednesday
Dhaka, June 19 – United Nations secretary general António Guterres and World Bank president Jim Yong Kim are due to arrive in the capital Dhaka on Wednesday on a 3-day visit that will include a trip to Rohingya settlements to…
Int’l investment treaty terminations outpace new treaties
Geneva, 14 Jun (Kanaga Raja) – Investment treaty-making has reached a turning point, as for the first time, the number of effective treaty terminations outpaced the number of new IIA (international investment agreement) conclusions, according to the UN Conference on…
Thai king granted full ownership of family wealth
An estimated $30 billion in assets has been handed to Thai King Maha Vajiralongkorn in a major shake-up of royal affairs. The move likely makes him the world’s richest monarch. Thailand’s King Maha Vajiralongkorn has been handed formal possession of…
Climate financing by Multilateral banks rises to a 7-year high
Climate financing by the world’s six largest multilateral development banks (MDBs) rose to a seven-year high of $35.2 billion in 2017, up 28 percent from the previous year.
BD Greens for climate financing for resilient infrastructure
Dhaka, June 14 – Bangladesh Greens at a press conference on Thursday called for a focus on climate resilient infrastructure development for climate Financing in the upcoming national budget for 2018-19 fiscal year.
Warnings of a new global financial crisis
By Martin Khor Penang, Malaysia, Jun 11 (IPS) – There are increasing warnings of an imminent new financial crisis, not only from the billionaire investor George Soros but also from eminent economists associated with the Bank of International Settlements, the…
Hasina attends outreach session of the G7 Summit
Quebec (Canada), Jun 9 – Prime Minister Sheikh Hasina on Saturday joined the outreach session of the G7 Summit 2018 for the third time. When Sheikh Hasina reached the venue at Manoir Richelieu Hotel in La Malbaie here, Canadian Prime Minister…
Bangladesh needs to boost productive investment: IMF
Banking sector health can be improved by strengthening governance, it says Dhaka, Jun 8 – Bangladesh will need to boost productive investment by addressing infrastructure bottlenecks and strengthening the banking sector to keep ongoing momentum unhurt, the IMF said in…
Interest on savings certificates likely to remain unchanged in FY19
The interest rate of the various savings certificates is likely to remain unchanged in the upcoming budget for financial year 2018-19 (FY19).
Laundered money huge in amount: CPD
Presenting a dismal picture of the national economy Centre for Policy Dialogue (CPD) on Sunday said that it strongly believes huge amount of money is being laundered in the disguise of import business.
Project to popularise solar pumping for irrigation
The Executive Committee of the National Economic Council (Ecnec) on Tuesday approved a project to popularise solar pumping system among farmers for irrigation in the country, aiming to reduce sudden the surge in power demand during the irrigation season.
Time for multilateral corporate trust buster, says UNCTAD
Geneva, 25 May (Kanaga Raja) – Rising market concentration and corporate rentierism in core sectors of the global economy are a major driver of growing global income inequality, according to the UN Conference on Trade and Development (UNCTAD).
Public-private pacts open door to climate finance in Rwanda
By Ahn Mi Young Busan, May 26 2018 (IPS) – The Global Green Growth Institute (GGGI) presented the African model of a National Financing Vehicle in which the governments of Rwanda and Ethiopia have successfully promoted green growth and climate…
Three ways to shrink gender gap in financial inclusion
by Kristalina Georgieva I opened my first bank account as a new student at the London School of Economics in 1987. This seemingly small act meant that I could manage my own finances, spend my own money, and make my…
Unlocking private finance developing countries’ greem growth
Climate finance has never been more urgently needed, with massive investments in climate action required to meet the goals of the Paris Agreement and avoid the devastating effects of a warmer planet.
Allocations for disabled and aged people to rise in Budget
Social Welfare Minister Rashed Khan Menon on Sunday assured of increasing allocation for old age allowance and people with disability in the upcoming budget acknowledging that the existing budgetary allocation for them is inadequate.
Has Suva Expert Dialogue managed to secure climate insurance
By Zulker Naeen In the context of Loss and Damage, most financial instruments that have been proposed did not solve the problems faced by the developing countries. In quest of the financial instruments for addressing Loss and Damage, under the…
US offers $44 million more for displaced Rohingyas
Mohammad Zainal Abedin in NY New York, May 16 – America has come forward with a welcome humanitarian assistance for displaced Rohingyas many of whom took refuge in Bangladesh to escape genocide.
Climate finance: The Paris Agreement’s “lifeblood”
By Friday Phiri Bonn, May 15 (IPS) – As negotiators concluded ten days of climate talks in Bonn last week, climate finance was underlined as a key element without which the Paris Agreement’s operational guidelines would be meaningless.
BNP demands disclosure of money spent on BB-1
Dhaka, May 13 – BNP senior leader Moudud Ahmed on Sunday demanded the government make public the total amount of money spent on launching Bangabandhu-1 Satellite in the space.
FFs to get collateral-free home loan; policy planned
The government has planned to formulate a policy to provide collateral-free home loan for freedom fighters and their heirs.
Climate talks: Lively session on common time-frames for NDCs
Bonn, 10 May (Prerna Bomzan) – Parties at informal consultations under the UNFCCC’s Subsidiary Body for Implementation (SBI) agreed to draft conclusions of a procedural nature on common time frames for nationally determined contributions (NDCs) referred to in Article 4.10…
Remittances to Asia- Pacific helping millions of families
Kuala Lumpur, 7 May: Last year, migrant workers sent US$ 256 billion to their families in the Asia-Pacific region, according to the report “RemitSCOPE – Remittance markets and opportunities – Asia and the Pacific” and a new webportal on remittances…