Views / Views

Conducting trade in local & common currencies

Conducting trade in local & common currencies

Bypassing international currencies is a common talk following the global  supply chain disruption due to the Russia-Ukraine war. De-dollarisation becomes an issue when sanctions are imposed on different countries to execute transactions in US dollar. Reports indicate Russia and China along wit


The promise of private credit bureaus in BD

The promise of private credit bureaus in BD

The recent move by Bangladesh Bank to establish private credit bureaus marks a significant step towards a more robust financial ecosystem. It is good is see that our Central Bank has taken this important step as Credit bureaus play a vital role in promoting access to finance, fostering economic gro

Bangladesh's economic outlook for 2024-25

Bangladesh's economic outlook for 2024-25

Even in the very recent past Bangladesh was hailed as a great success story for achieving rapid economic growth and raising millions of people out of poverty. A World Bank (WB) report published in last October wrote, "From being one of the poorest nations at birth in 1971, Bangladesh reached lower-

Has Generative AI triggered a vicious cycle?

Has Generative AI triggered a vicious cycle?

Generative artificial intelligence (Gen AI) does not create original knowledge in the form of texts, images, or videos. Instead, it compiles existing bits and pieces of knowledge from numerous websites and recasts them as revenue-generating new products. As a result, instead of visiting all those w

A major intervention to improve working conditions in Bangladesh

A major intervention to improve working conditions in Bangladesh

A series of major disasters over the last several years, including a fire incident that killed 112 workers and a factory building collapse that killed 1,122 workers, have provoked widespread calls domestically and internationally to improve the workplace health and safety situation in Bangladesh. T

Evolving priorities for LDCs

Evolving priorities for LDCs

African nations and the world’s least-developed countries (LDCs) have much to gain from the development of new “green” value chains and a global surge in services trade. An abundance of sustainable resources – from natural fibres to sunlight – positions them well to de

The Achilles heel of BD economy

The Achilles heel of BD economy

Budget-eve is perhaps the most relevant time to think about the Achilles heel that underlies most of the macro-economic woes of Bangladesh economy. It is a generic name that has been downplayed through the use of various names representing its different manifestations. The time to call a spade a sp

Prolonged heat waves challenge sustainable development

Prolonged heat waves challenge sustainable development

Weather forecast for May indicates that heat wave, (the Department of Meteorology reveals that the very hot temperature and prolonged heat waves in the country broke 76 years record in last April 2024), depressions in the Bay of Bengal, thunderstorms and rain will prevail in the country. There are

When the young march, the world changes

When the young march, the world changes

The old have throughout the course of history sent the young off to wars. The young have always resisted, have marched on the streets to let the old know of the dangers they are constantly putting the world to. As students on campuses in America march in support of Palestine, in condemnation of th

EU tackling migrant workers issues and migration through asylum

EU tackling migrant workers issues and migration through asylum

The European Union has finally initiated a comprehensive strategy pertaining to several dimensions related to human trafficking and seeking migration through asylum. The process has witnessed polarisation, strong debates and challenges. It may be recalled that a sort of political agreement on a New

Startups fail to propel less developed countries!

Startups fail to propel less developed countries!

Due to the astronomical rise of startups, a belief started growing that less developed countries have found a miracle development solution to reach high-income status. Besides, the rapid growth of the valuation of startups fueled the temptation of quickly multiplying investments. Hence, private and

Leadership . . . in substance and form

Leadership . . . in substance and form

Leadership is in crisis almost everywhere across the globe. In our era, let us admit, leadership is up against gigantic impediments. Even so, the world needs good leaders, for the world cannot afford to slip into chaos. A defining quality of leadership is to bring people together. Leaders who rema