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.
Rich countries drained 152 tn from global South since 1960
The drain takes place subtly and almost invisibly, without the overt violence of colonial occupation and therefore without provoking protest and moral outrage.
Study on biodiversity loss calls for global economy rethink
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.
Building a Nature-Positive Economy
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.
Asia’s economic growth to rebound to 7.3% in 2021, says ADB
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.
IMF: Divergent recoveries stem from divergent policies – II
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.
IMF: Divergent recoveries stem from divergent policies – I
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.
Bangladesh inks over $1 b deal with WB for COVID-19 pandemic
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.
Why Water & Sanitation Systems are Vital for the Economy
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.
It is time to redesign economics
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.
Covid-19 impact: NBR devises ways to boost revenue collection
The National Board of Revenue (NBR) has devised five strategies to boost its revenue collection offsetting the negative impacts of the Covid-19 pandemic
Highest-ever fund promised to IFAD to tackle hunger, poverty
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.
Europe’s ESG Opportunity
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…
A Marshall Plan for the Planet
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.
People in poverty doubled, extreme poverty trebled in 2020
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…
Bangladesh economy showed resilience during Covid shock: PM Hasina
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.
Govt measures need to be implemented for poverty alleviation
Measures taken by the government need to be implemented to alleviate poverty in the country.
Inequality Is Not Inevitable
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…
Inflation in Bangladesh falls slightly in December
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 to recover imports as economy may speed up in 3 years
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 sees tax buoyancy at 12.2% in 2022
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.
Bangladesh’s agri day labourers get flood insurance benefits
Some 2,000 flood-affected casual labourers from Kurigram district received an insurance pay-out of Tk 2,700, the WFP said Wednesday.
Bangladesh HC calls money launderers ‘enemies of state’
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.
How Climate Targets Can Help Economic Recovery
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…
COVID-19 compounding inequalities
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…
Working Class Bears Disproportionate COVID-19 Fallout Burden
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…
Cooperatives can help remove rural poverty: PM
Prime Minister Sheikh Hasina on Saturday said there will be no poverty in Bangladesh if multidimensional rural cooperatives can be established.
BD Forex reserves to reach $50 billion by Dec 2021: Minister
Finance Minister AHM Mustafa Kamal has said Bangladesh’s foreign currency reserves will reach $50 billion by December 2021.
About one-third BD youths leave studies to support family
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.
How Corporate Tyranny Works
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.