Courtesy: Gateway House
Bangladesh’s economy, already weak at the time of the August 2024 coup, has been on a downward spiral since. Banks are insolvent and cannot lend, business confidence is low, and investors are staying out. These issues will worsen the ongoing radicalisation, extremism and violence in the country.
Economist Surjit S. Bhalla, who sits on the Prime Minister’s Economic Advisory Council, says all currencies, not just the rupee, have fallen against the U.S. dollar. Speaking to Gateway House’s Manjeet Kripalani, he elaborates on some diplomatic and domestic tools to stem the fall, even in an election year
Courtesy: Foreign Affairs
The author explains in detail the functions of the World Bank and how it has evolved over the years. He also argues that while the bank has adapted to shifts in economic influence and the rise of emerging markets, it must become even more innovative and representative.
