Economics
Silent role of MFS to keep the economy going
With the advancement of the pandemic, the citizens of Bangladesh are leaning more and more towards adopting Mobile Financial Service (MFS) as their method of money transfer, buying products and services, buying mobile balance and making bill payments.
Navigating the socioeconomic perils of Covid-19 in Bangladesh
Despite the depressing state of major indicators such as negative export-import growth; large revenue deficit; falling private sector investment; rising non-performing loans recorded in the last quarter of 2019
Stimulus for Bangladesh’s export-oriented enterprises
On March 25, 2020, Prime Minister Sheikh Hasina announced, in her address to the nation, that the government would provide an incentive package of Taka 5,000 crore for export-oriented industries.
Financial mobility in an immobile world
The recent outbreak of Covid-19 is an unprecedented global issue, leading many to contemplate difficult questions that are plaguing all of humanity.
COVID-19 has exposed the fragility of our economies
The human dimensions of the COVID-19 pandemic reach far beyond the critical health response. All aspects of our future will be affected—economic, social and developmental. Our response must be urgent, coordinated and on a global scale, and should immediately deliver help to those most in need.
Economic threats in the time of corona
What will the impact of Covid-19 be on the Bangladesh economy? Overall, it seems inevitable that the GDP gains that were expected to be realised in the current fiscal year are likely to be wiped out.
COVID-19 and Bangladesh’s macroeconomic challenges
The world economy is now on lockdown because of the global coronavirus pandemic. Governments and their central banks around the world are wasting no time in dealing with the health and economic implications of this crisis.
Implementing SDG 6: Watering the seeds of development
Nothing is more useful than water. Ironically, hardly anything can be obtained in exchange for water.
A global aging population and Bangladesh's economy
Many of the industrialised economies are going through an unprecedented demographic change called “population aging”.
Disruption on its way, are banks ready?
The technolo-gical revolution is shaking up the banking industry like all other industries. Today, millennials are no more interested in using the banking system that was designed so long ago and is so outdated.
A matter of definition?
In 2015, we welcomed the good news that Bangladesh had graduated from the low-income to low-middle-income status in the World Bank's classification of countries.
Blue Economy - Are we ready for it?
Blue economy means extraction of the resources of sea for the growth of an economy. Bangladesh has settled maritime boundary disputes with Myanmar in 2012 and with India in 2014 through an arbitral method. It is estimated that Bangladesh has acquired 118,813 square kilometres of the Bay of Bengal. The areas of resources include 200 nautical miles of exclusive economic zone and over 354 nautical miles of resources on seabed (continental shelf). It is estimated that the resources from the sea of Bangladesh constitute 81 percent of the resources existing in its land territory.
Why Bangladesh's inequality is likely to rise
The issues of growing income inequality and unequal distribution of wealth between the rich and the poor have lately gained traction across the west. Oxfam's yearly inequality report serves as the most damning indictment of this rise in disparity. Eighty-two percent of the entire global wealth created last year, the report estimates, went straight into the pockets of the richest one percent of the world's population. The poorest 50 percent, on the other hand, received zero percent of that wealth.
An anatomy of 'jobless growth' in Bangladesh
According to the official statistics, between 2013 and 2016-17, on average, gross domestic product (GDP) in Bangladesh grew annually by 6.6 percent, and there has been a net increase of 2.8 million new jobs on top of the 60.7 million jobs that existed in the economy in 2013.
Politicians and misguided economic policy
Economists are taking quite a beating these days. Politicians, most of who feel they understand economics, have either maligned
Why we should rethink financial inclusion
The good news is that mobile phones and alternate banking channels such as agent banking are bringing millions of individuals into the formal financial system, meaning they have bank accounts or mobile money account for the first time. This is important because financial inclusion is crucial in helping people save money for emergencies, get loans to start businesses, and ultimately resulting in an improvement in their overall wellbeing.
Can mounting inequality be stopped?
Pre-budget discussion for the upcoming fiscal year (2018-19) is going on in the fast track. Even though the Finance Minister will present the budget in parliament after more than a month, business associations are meeting the Chairman of National Board of Revenue (NBR) almost every day.
Better managing our agricultural sector
Sustainable agro supply chain management includes a number of processes such as supply management, production management,