insight

Oct 24, 2021

NEWSLETTER

Bangladesh’s GDP to surpass those of Denmark, Singapore, Hong Kong by 2025 : IMF

Bangladesh's economy is projected to reach $516.24 billion in the fiscal 2024-25, outperforming advanced economies such as Denmark, Singapore and Hong Kong along the way, says the International Monetary Fund (IMF). Approaching a $500 billion+ economy, Bangladesh would also surpass Norway ($497.55 billion), the Philippines ($506.66 billion) and even the oil-rich United Arab Emirates ($480.03 billion) by 2025. Approaching a $500 billion+ economy, Bangladesh would also surpass Norway ($497.55 billion), the Philippines ($506.66 billion) and even the oil-rich United Arab Emirates ($480.03 billion) by 2025. This report stands as a further testament to Honourable Prime Minister (HPM) Sheikh Hasina’s consistent and effective supervision in helping Bangladesh march forward towards transforming Bangladesh into a secular country.

Hunger Index 2021: Bangladesh moves ahead of India

Owing to a prudent leadership as demonstrated by HPM Sheikh Hasina, Bangladesh has fared better than its South Asian neighbours Pakistan (92nd), India (101st), and Afghanistan (103rd), according to the report jointly published by Irish aid agency Concern Worldwide and German organisation Welt Hunger Hilfe. This year, Bangladesh's level of hunger has dropped to "moderate" from "serious" for the first time as it achieved a Global Hunger Index (GHI) score of 19.1 points out of 100, said the report. Bangladesh has experienced an impressive decline in GHI scores since 2012, dropping from 28.6 points, considered serious, to 19.1 points, considered moderate…These improvements are underpinned by the government's firm commitment, determination, and action to tackle malnutrition as part of the country's path toward developed-country status by 2041," added the report.

HPM Sheikh Hasina orders stern action against communal violence, a series of rehabilitation steps taken

Demonstrating her strong commitment towards minority communities, HPM Sheikh Hasina has instructed the home minister to adopt a stern stance against those involved in communal violence unleashed by members of radical groups during durga puja. Moreover, a series of steps have been taken by both the government and the ruling Awami League to rehabilitate the victims of communal violence to boost their confidence and ensure security for them. As of recent media reports, a total of 102 cases were filed accusing 20,619 people in connection with the violence against the Hindu community. So far 583 were arrested as part of the ongoing drive against offenders. Cash assistance, foods, cloths, other essential commodities and house construction materials have been provided to the affected families by the government and the party. Moreover, thousands of members of Bangladesh's ruling party rallied on Tuesday in support of the nation's besieged minority Hindus after one of the worst bouts of communal violence in the Muslim-majority nation for over a decade.

COP26 awaits learning Bangladesh’s experience

UN Climate Change Conference COP-26 regional ambassador Ken O’Flaherty has said the Bangladesh knowledge on climate resilience is expected to be a major learning for the world as the next month's convention is set to draw the global leaders in Britain's Glasgow. The UK-appointed regional ambassador of the supreme decision-making body on climate change for Asia Pacific and South Asia, said Bangladesh has the role in raising ‘strong moral’ voice for the climate vulnerable countries to encourage the entire world in taking action on climate issue. The Bangladesh premier currently represents the climate vulnerable countries (CVF) as the chair of Climate Vulnerable Forum while Dhaka by now demanded the worst contributors to climate change pay US$ 500 billion to cover five years from 2020 to 2024 to negate the phenomenon.

Bangladesh RMG industry greenest in the world

Bangladesh has touched the milestone of having 150 US Green Building Council’s (USGBC) Leadership in Energy and Environmental Design (LEED) certified green apparel factories, the highest among any country. According to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), the country now has 44 platinum green factories, 93 gold, 9 silver and another 4 LEED certified factory buildings, as of last week. Green factories help to cut down the usage of energy by 40% and water consumption by more than 30%. It also emits less carbon dioxide which further ensures environmental safety,” according to media reports. They also ensure a safe workplace for workers as the factory owners have to follow certain rules for construction of the buildings.

Government moves to make grassroots women self-reliant

The government has adopted a plan for transforming marginalized and disadvantaged women at grassroots level into self-reliant and skilled human resources. The project titled “Income Generating Activities (IGA) Training for Women at Upazila Level” is being implemented in 431 upazilas of 64 districts of the country by the Department of Women Affairs under the Ministry of Women and Children Affairs. The objective of the project includes integrating women into the mainstream of poverty alleviation and development by upgrading their skills through training and transforming them into independent manpower. Under this project, 50 women in two trades (25 women in each trade) in each upazila are provided with training for three months and 30 women in each batch at district and divisional level are provided with training in different trades. A total of 2,24,575 women have been trained till June 2021, since the inception of the project. The project has made an overall progress of 58.90 percent.

Bangladesh, India to celebrate ‘Maitree Diwas’ in 18 countries Dec 6

Bangladesh and India will jointly celebrate “Maitree Diwas” (Friendship Day) in 18 countries on December 6, marking 50 years of Bangladesh’s independence and 50th anniversary of Bangladesh-India diplomatic relations. On December 06, 1971, India recognized an independent Bangladesh, borne out of the nine-month long struggle of the Bangalee people for liberation from oppression, for a life of freedom. To cherish this landmark day in history, the two friendly countries are hosting a “Maitree Diwas” logo and backdrop design competition. The contest is open to all citizens of India and Bangladesh, residents in their respective countries or anywhere in the world.

BANGLADESH AWAMI LEAGUE
23, Bangabandhu Avenue, Dhaka-1000. Bangladesh.

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