Community food bank is getting popularity among the vulnerable communities of two upazilas of the district to pass their days without food crisis during any emergency.
Category: Economy
BB instructions to arrest increasing trend in bank credit
Bangladesh Bank (BB) today issued new instructions for banks to avoid the increasing trend of lending rate.
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.
Austerity: A cyclical tale
Historians are often tempted to think that events of the past return to the present under new clothes in a cyclical way. The Greek historian Thucydides was probably the first to propose this cyclical conception of history. In his narrative…
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).
Ethiopia’s green growth: Launchpad for wider climate action
By Dex Agourides May 25, 2018 (IPS) – The vision for a sustainable future in Africa is being realized at a time of great possibilities and this vision is underpinned by a shift in continental focus towards sustainable and inclusive…
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…
Food waste enough to feed world’s hungry four times over
By Thalif Deen Stockholm, Sweden, May 28, 2018 (IPS) – The United Nations is continuing to fight a relentless battle to eradicate extreme hunger – particularly in the world’s poorest nations—by 2030.
Iran sanctions shadow falls on smaller German banks
Germany’s biggest lenders have shied away from business with Iran after past penalties for breaching US sanctions, but smaller banks have leapt on opportunities afforded by the nuclear deal rejected by Donald Trump. There are just months to go until…
Oil drops as Saudis signal likely supply boost
Global oil prices fell Friday after top producer Saudi Arabia signaled a likely boost in supply as soon as the third quarter, and world stock markets were mixed over the sudden US move to cancel the summit with North Korea.
The Walrus Quota, What Money Can’t Buy
Market mechanisms may be efficient, but they may also change the meaning of the goods exchanged.
Germany’s great European Heist
Two mantras guide German thinking about eurozone integration: responsibilities and control must be aligned (so no mutualization of risk without shared jurisdiction); and legacy risks must be settled before any pooling of risks among euro members takes place. Since 2010,…
Asian stocks hit as Trump drops Kim summit but losses tempered
Asian markets mostly fell on Friday as Donald Trump shocked the world by pulling out of next month’s historic summit with Kim Jong Un, though analysts said the losses were tempered by hopes the talks can be rekindled.
‘Corporate sourcing of renewables in 75 countries, growing’
IRENA study shows world market for corporate sourcing of renewable electricity reached 465 terawatt-hours in 2017 – enough to power a country the size of France Copenhagen, Denmark, 24 May – Companies in 75 countries actively sourced 465 terawatt hours…
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.
Asian investors shift cautiously, autos hit by US tariff threat
Asian markets were mixed Thursday with traders concerned about the China-US trade deal and Donald Trump’s summit with Kim Jong Un, while automakers were hit by news Washington was considering huge tariffs on vehicle imports.
Crisis of globalisation: Restoring social investment the key
Why is democracy under siege throughout the West? How much of the story is cultural or racial, and how much is economic? And can the slide into authoritarianism be reversed? I think it can.
FBCCI for proper banking support to investors
Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today said banking sector should be further modernized as it can provide proper financial supports to the investors for accelerating industrialization.
From neoliberal ruins to recovery: Iceland – real poster boy
At a Nordic-Baltic Development Forum meeting, held in Riga some years ago, there arose a lively controversy on the relative merits of the Swedish (Nordic) model, on the one hand, and the minimal government and low-tax regimes of the Baltic…
Federal central Banks and decadent capitalism
Federal Central Banks (Forum Press, 2018) is a unique study that critically examines the role and impact of central banks in federal and confederal political systems.
Why Italy’s new govt is more neoliberal than populist
A new Italian government is in the making, with an unprecedented alliance between the Five Stars Movement (33% of votes in the March 2018 elections; 36% of seats in the House of Deputies) and the Lega (17% of votes; 20%…
Asian markets rise as China and US agree to avert trade war
Asian markets rallied Monday and the dollar extended gains after the US and China said they had agreed to hold off imposing tariffs, averting a potentially damaging trade war. After high-level talks in Washington the two economic superpowers revealed a…
‘Shoplifters’ wins Palme d’Or, grand prize to Spike Lee
Dhaka, May 20 – A tumultuous Cannes Film Festival concluded Saturday with the Palme d’Or awarded to Japanese director Hirokazu Kore-eda’s “Shoplifters,” a tender portrait of a poor, impoverished family, while Harvey Weinstein accuser Asia Argento vowed justice will come…
Where the water is
Manzoor Qadir , Vladimir Smakhtin Sustainable Development Goal 6 calls for universal access to clean water and sanitation. But if governments do not embrace unconventional water resources, achieving that goal will be as difficult as getting water from a stone…
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.
US, China agree to abandon trade war: Beijing
Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, Chinese state media reported Sunday. The announcement came after high-level talks in the US capital and followed months of tensions over…
Russia to notify WTO of plans for retaliation against US for steel, aluminum duties
The United States has refused to hold consultations with Russia on the WTO platform over the introduction of restrictions on steel and aluminum import, saying such measures were not special protectionist ones, the Ministry of Economic Development told TASS on…
Bangladesh needs new stock markets, says Finance Minister
Finance Minister Abul Maal Abdul Muhith yesterday said now it is an urgent for the country to set up a good capital market as a source of long-term financing.
Fighting inequality in Asia and the Pacific
By Shamshad Akhtar Bangkok, Thailand, May (IPS) – Inequality is increasing in Asia and the Pacific. Our region’s remarkable economic success story belies a widening gap between rich and poor. A gap that’s trapping people in poverty and, if not…