According to a recent World Economic Forum report, transitioning towards nature-positive economic models in key sectors could provide almost 400 million jobs and over $10 trillion in annual business value by 2030.
The drain takes place subtly and almost invisibly, without the overt violence of colonial occupation and therefore without provoking protest and moral outrage.
New research examining the major causes of the world’s biodiversity loss calls for an urgent and profound re-organisation of the global post-pandemic economy to prevent further planetary harm.
The planet’s ecosystems are nearing critical tipping points, with extinction rates 100-1,000 times higher than they were a century ago. Our current economic system has put natural resources under ever-increasing pressure.
Developing Asia’s economic revival is underway, supported by a healthy global recovery and progress on vaccines. The region’s growth is forecast to rebound to 7.3% in 2021, moderating to 5.3% in 2022.
The role of the IMF as lender-of-last-resort has skyrocketed during the Covid-19 pandemic, with emergency financing and loan packages disbursed to 86 countries since the outbreak of the pandemic in March 2020.
The International Monetary Fund (IMF) is responding to urgent liquidity needs in developing countries but fails to ensure systemic debt solutions or recovery without austerity.
Dhaka, Apr 14 : The government of Bangladesh signed three financing agreements totaling $1.04 billion with the World Bank to respond to the COVID-19 pandemic and to build resilience to future crises including vaccination against COVID-19.
This World Water Day, we celebrate the value of water, which at first might be a given: after all, water is the basis of all life. Without water we have no health, wealth, equality, or education.
Dhaka, Mar 8 (UNB) : The world is facing an unprecedented crisis with the Covid-19 pandemic. Day after day all the failures in our economic and social system and thinking process are being revealed.
The National Board of Revenue (NBR) has devised five strategies to boost its revenue collection offsetting the negative impacts of the Covid-19 pandemic
US$3.8 billion, that’s how much the UN’s International Fund for Agricultural Development (IFAD) will now be able to invest in the world’s rural poor.
By Olivia Grégoire and Bertrand Badré PARIS – Finance is evolving in a more sustainable direction, and just in time. Pension funds, insurance companies, and sovereign wealth funds have made multiple commitments on climate change, biodiversity, and economic inclusion. In…
By Paul Polman LONDON – In a year dominated by COVID-19, it’s perhaps understandable that we’ve neglected the most profound, existential crisis we face: runaway climate change. But we must quickly make up for lost time before it’s too late.
Dhaka, Jan 23 – The South Asian Network on Economic Modeling (SANEM) on Saturday said the percentage of the population living below the poverty line (upper poverty line) has nearly doubled from 21.6% in 2018 to 42% in 2020, while…
Prime Minister Sheikh Hasina on Wednesday said Bangladesh has been able to avert the economic recession due to the Covid-19 pandemic though many countries across the world have suffered the most.
Measures taken by the government need to be implemented to alleviate poverty in the country.
By Joseph E. Stiglitz An insidious trend has developed over this past third of a century. A country that experienced shared growth after World War II began to tear apart, so much so that when the Great Recession hit in…
Dhaka, Jan 5 – The inflation rate declined by 0.23 percent on a point-to-point basis in December 2020 as it came down at 5.29 percent last month from 5.52 percent in November 2020.
Dhaka, Jan 5 – Although imports fell drastically in 2019-20 fiscal, the government aims to turn things around aiming for average import growth of 8% per year over the next three fiscals, including the current 2020-21.
Dhaka, Dec 05 – The government has projected a marginal improvement in the tax to gross domestic product (GDP) ratio in the 2022-23 fiscal, despite the Covid-19 taking a toll on the country’s revenue collections this financial year.
Some 2,000 flood-affected casual labourers from Kurigram district received an insurance pay-out of Tk 2,700, the WFP said Wednesday.
Dhaka, Nov 22 – The High Court on Sunday sought information on money launderers it termed “national traitors” and “enemies of the state” who should be brought to book.
by Francisca Tondreau SANTIAGO – With the world gripped by the COVID-19 pandemic, policymakers have turned their attention to economic stimulus and financial support of households and firms. As a result, many countries have been delaying the preparation and submission…
Kuala Lumpur/Sydney, 18 Nov (IPS/Jomo Kwame Sundaram and Anis Chowdhury) — The United Nations’ renamed World Social Report 2020 (WSR 2020) argued that income inequality is rising in most developed countries, and some middle-income countries, including China, the world’s fastest…
DELHI, India, Nov 16 2020 (IPS) – Back in May 2019, we were visiting a large garment factory in Arsikere, Karnataka, when we asked some of the workers, “What would you do if you got Saturdays off?” Their responses to…
Prime Minister Sheikh Hasina on Saturday said there will be no poverty in Bangladesh if multidimensional rural cooperatives can be established.
Finance Minister AHM Mustafa Kamal has said Bangladesh’s foreign currency reserves will reach $50 billion by December 2021.
Dhaka, Nov 01 – Some 28 percent youths aged above 18 left studies to support their families amid the Covid-19 pandemic in Bangladesh, according to an online survey conducted by Citizen’s Platform for SDGs, Bangladesh.
By Chris Hedges Those, like environmental lawyer Steven Donziger, who fight the corporate control of our society on behalf of the vulnerable, find that the institutions of power unite to crucify them.