By Marco V. Sánchez Cantillo ROME, Apr 28 2020 (IPS) – Many uncertainties haunt the world’s campaign to counter the COVID-19 pandemic, but one thing is now sure: Global economic activity will suffer greatly, with large-scale consequences for the incomes…
The historic May Day will be observed on Friday in the country as elsewhere across the world with due respect.
The Asian Development Bank (ADB) on Thursday approved a $100 million loan to support the Government of Bangladesh in its efforts to address the immediate public health requirements of combating the coronavirus pandemic.“ADB stands with Bangladesh in this difficult time…
The continued sharp decline in working hours globally due to the COVID-19 outbreak means that 1.6 billion workers in the informal economy — that is nearly half of the global workforce — stand in immediate danger of having their livelihoods…
by Matthias Thiemann and Peter Volberding on 29th April 2020 @MatthiasThiema3 The European Investment Bank and national development banks provide a framework through which a European Recovery Fund could work quickly and effectively.
The International Labour Organization (ILO) has urged governments to take action to prevent and control COVID-19 in workplace, with active involvement and dialogue with employers’ and workers’ organisations as the pressure mounts on countries to ease their lockdown restrictions
By Alexander Trepelkov UNITED NATIONS, Apr 27 2020 (IPS) – The SDGs, with their universal scope, interlinked nature and focus on leaving no one behind will be more essential than ever during and after this (Covid-19) crisis.
by Luca Ratti on 27th April 2020 @LucaRatti15 The coronavirus crisis is exacerbating in-work poverty in the EU—and a powerful raft of labour-market and welfare measures is needed for an adequate response.
Dhaka, April 25: Grameenphone and BRAC teaming up on Friday launched an initiative titled “Dakche Amar Desh” to stand beside the vulnerable and most affected people in this deadly COVID-19 gripped situation.
China has decided to give another US$ 30 million to the World Health Organization (WHO) in support of global efforts to fight COVID-19 and the construction of public health systems in developing countries, a Foreign Ministry spokesperson said here Thursday.…
by Carlo Spagnolo on 22nd April 2020 Decades of neoliberal inculcation have deprived the political class of the historical memory needed to derive the new Marshall plan today’s crisis demands. A hope is haunting Europe—the hope of a Marshall Plan…
Bangladesh has said the OIC Member States require a regional and global response based on unity, solidarity and compassion to overcome the challenges of this pandemic.
Savar (Dhaka), April 22 – The nationwide shutdown aimed at curbing coronavirus has left her day-labourer husband jobless, leading their family, including her toddler, to starvation. As the family is new in the locality, no-one gave them any relief either.
Several hundred people besieged the office of Sarail upazila nirbahi officer on Tuesday demanding relief.
by Sarah Marchal and Ive Marx on 21st April 2020 @IveMarx The coronavirus crisis has punched a hole in Europe’s safety nets. But they were already frayed and urgent repairs are needed.
Rome, 20 April 2020 – With the COVID-19 pandemic and economic slowdown threatening the lives and livelihoods of the world’s most vulnerable people, the UN’s International Fund for Agricultural Development (IFAD) today committed US$40 million, and launched an urgent appeal…
Geneva, 17 Apr (Kanaga Raja) – States need to invest massively in decreasing inequalities and poverty arising out of the COVID-19 pandemic, and not just bail out large corporations, banks and investors with no human rights or social conditions attached.
Sylhet, April 20 – Bangladesh Civil Aviation Authority (CAAB) on Sunday signed a deal with a Chinese company for the extension of the Osmani International Airport in Sylhet at a cost of Taka 2116 crore to increase its passenger handling…
The World Bank Group (WBG) is expected to launch health emergency programs in over 100 countries by the end of April to support the fight against COVID-19, with 64 already in operation, President David Malpass said Friday.
By Nana Addo Dankwa Akufo-Addo and Erna Solberg UNITED NATIONS, Apr 16 2020 (IPS) – Our world today is dealing with a crisis of monumental proportions. The vicious, novel coronavirus is wreaking havoc across the globe, destroying lives and ruining…
By Ambassador Anwarul K. Chowdhury NEW YORK, Apr 17 2020 (IPS) – The current financial crisis, triggered as a result of withholding or delaying payment of assessed contributions by Member States, is nothing new to the United Nations. We have…
By Paul Polman, Myriam Sidibe and Siddharth Chatterjee NAIROBI, Kenya, Apr 17 2020 (IPS) – The UN Secretary-General Antonio Guterres has said that now is “a defining moment for modern society. History will judge the efficacy of the response not…
1. The Development Committee met virtually on Friday, April 17, 2020. 2. Our meeting occurred at a time of unprecedented challenges due to the COVID-19 pandemic. Its devastating effects are being felt across the globe as the human and economic…
by Basil Oberholzer on 17th April 2020 @basiloberholzer What the US central bank has been doing to address the coronavirus crisis is precisely what is needed to tackle climate change. The financial crisis of 2008 and the subsequent recession revealed…
Muneer Ferozie, April 16, 2020 Jordan, a small country in the middle of a complex region, is facing steep economic and infrastructure challenges. Even before the coronavirus’ impact on the economy, the country’s public debt was already increasing faster than…
South Asian Network on Economic Modeling (SANEM) has recommended setting up a unit to monitor the entire process saying it is important to ensure transparency and accountability in the implementation of the stimulus packages to address the impact of coronavirus.
By Hassanal Noor Rashid Global inequality and injustice have been heated topics and of deep social concern throughout human history. In January 2020, OXFAM (Oxford Committee for Famine Relief), a reputable confederation of charitable organisations, declared in a widely circulated…
by Michael Dauderstädt on 15th April 2020 After almost a decade, EU-wide inequality finally regained its previous low of 2009 due to relatively strong growth in the poorer member states between the Baltic and the Balkans.
The International Monetary Fund (IMF) has predicted that Bangladesh’s GDP growth would come down to 2 percent in the current fiscal year (FY2019-2020) due to the global coronavirus pandemic.
Geneva (Kanaga Raja) – A $2.5 trillion support package is needed for developing countries facing unprecedented economic damage from the Covid-19 crisis, the UN Conference on Trade and Development (UNCTAD) has said. “The economic fallout from the shock is ongoing…