How to correct global imbalances?

Considering how fast Bangladesh has recovered and how the global economy has shaped itself, a lot of equations has changed. When in 2012, WBG had taken a step back from financing the Padma bridge Project, rumours spread regarding the partnership. However, the truth came to light and the relationship was unaffected. WBG is currently focusing on a sustainable development by ensuring a healthy environment.

Catastrophic economic and social crises await Pakistanis in the event of a sovereign default, which may result in shortages of food, medicines, fuel, and the cash needed to import and purchase these essential goods.

The Export Promotion Bureau`s (EPB) decision to extend the validity of the registration certificate -- a necessary paperwork that is needed for export operations -- is exactly the shot in the arm needed for our exporting industries.

As Saudi Arabia prepares to potentially join the BRICS, there is much to consider in terms of the impact on the country’s economy. While some may view this as a simple geopolitical move, it could have significant economic implications for the region and the world as a whole.

Within the context of the rapidly changing geopolitical situation, Moscow will host the second Eurasian Economic Forum on 24–25 May and the focus will be based on reviewing and designing new paths of economic integration and the search for suitable paradigms of cooperation among the members in the Eurasian region.

Bangladesh, Japan and India held a conclave in Agartala (Tripura, India) on 11-12 April to put in place connectivity initiatives to harness the commercial potential of the region. Asian Confluence, a think-tank in Shillong (in northeastern India), in collaboration with the Ministry of External Affairs, Government of India, organised the event, attended by Deputy Foreign Ministers of Bangladesh and India along with the Chief Minister of Tripura, the Japanese envoy to India, and others.

Nagaland, a north-eastern state in India, is looking to forge a mutually beneficial investment relationship with Bangladesh, taking advantage of the country`s port facilities to explore new trade avenues.

As Bangladesh progresses towards the next stages of its development, it is vital as always to maintain the friendships we have cultivated with other nations over the decades.

As the Chinese Yuan (CNY or Renminbi) is being adopted for more and more international payments, policy debates around de-dollarisation have heated up. ​Many countries like Russia, Brazil, and Argentina are increasingly exploring the use of the CNY. Beijing is now settling most of its international trade operations using the Chinese yuan.

In recent years, a movement called “de-dollarization” has gained momentum, as countries seek to reduce their dependence on the US dollar and promote greater economic sovereignty. This trend has been driven by economic and geopolitical challenges faced by many countries under US sanctions or influence.

Bangladesh has become the fastest-growing brand nation in the world. That is, the brand value of Bangladesh increased the most last year. Bangladesh is followed by Uzbekistan (32%), Azerbaijan (30%), United Arab Emirates (24%) and Georgia (23%).

By building up the notion of the Indo-Pacific as a critical region, Shinzo Abe, the late Japanese prime minister, created a strategic framework that presaged the geopolitical and economic integration now taking place across Asia and parts of Africa. As South Asian and Middle Eastern countries merge into West Asia, a new continental order could reshape the global balance of power.

In recent times, we have seen two major shifts in geopolitics: a move away from the US dollar as the global currency reserve; and an increasing focus on bilateral currency swaps for trade.

With Bangladesh on the cusp of achieving middle-income status as an economy, and with its short-term and long-term goals of fulfilling the Sustainable Development Goals by 2030 and of course, beating the middle-income trap and becoming an innovative, smart Bangladesh by 2041.

During times of economic downturn, it’s not uncommon for banks to face financial difficulties and even collapse. But, when US Banks collapse, the whole world goes through a financial crisis. However, it seems like a miracle is happening on the other side of the world. In one part of the world, where the banking industry of a developed economy, the US, is going through a difficult period, the banking sector of a small developing country Bangladesh is performing well.

Perhaps, the Digital Security Act-2018 (DSA) is the most discussed law in the past few years. The narrative regarding it is also perhaps the most dichotomous. While the dissidents and anti-establishment activists coin it as a draconian law, the ruling party activists try to defend it. It seems the outlook regarding the law is now between the devil and the deep blue sea.