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    Finance and Economy

    Accountability

    Bangladesh: Business Elites Are Tightening Their Grip on Politics

    Experts say that if Bangladesh is to achieve its ambition of becoming an upper-middle-income country by 2031, it must confront the growing dominance of business elites in its political system.
    OWSA Contributor -
    Accountability

    IMF Urges Faster Progress in Sri Lanka’s State-Owned Enterprise Reforms amid Policy Reversals

    Papageorgiou's comments come in the wake of political shifts that have disrupted previous reform strategies. The new administration under President Anura Kumara Dissanayake has halted privatization efforts initiated by the previous government, led by Ranil Wickremesinghe.
    OWSA Contributor -
    Asia Pacific

    Top Chinese Minister to Visit Sri Lanka in June; FTA Talks Likely

    Government sources, however, said trade and export expansion – including talks on the stalled Free Trade Agreement between Sri Lanka and China – is likely to be high on the agenda.
    OWSA Contributor -
    Finance and Economy

    Kashmir Reels After Pahalgam Attack, Fear Long Term Impacts on Livelihoods

    Tourism accounts for 6.98 percent of the state’s GDP and is considered a key sector of Kashmir’s economy; 80 percent of Kashmir’s population, which is 12.5 million, is directly or indirectly dependent on it.
    Inter Press Service -
    Clean tech

    Pakistan to Launch Rs 52 Billion Green Sukuk Bonds for Clean Energy Projects

    This is the first time the federal government will directly tap capital markets through a sustainable finance mechanism.
    OWSA Contributor -
    Bangladesh

    World Economy Teeters on Recessionary Edge amid Rising Trade Tensions and Financial Uncertainty, UNCTAD Warns

    The report stresses that as the world stares down the possibility of a widespread recession, the urgency for cohesive, multilateral solutions has never been greater.
    OWSA Contributor -
    Finance and Economy

    UN Trade Body Urges US to Exempt Vulnerable Economies from Tariff Hikes amid Rising Trade Tensions

    Despite their marginal impact, many of these countries could face tariff rates as high as 50 per cent, such as Lesotho, while Cameroon could face 11 per cent.
    OWSA Contributor -
    Finance and Economy

    Is it Time to Say RIP to the SDGs?

    When he was elected for a second term, President Donald Trump promised extraordinary, history-making change. Whether you support his world view or not, no one can deny he has been true to his word. The previous multilateral consensus is shattered.
    Inter Press Service -
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    Agri-technology

    Vice President Calls for Farmer-Led Agri-Business Revolution at Goa’s ICAR-CCARI Meet

    Dhankhar urged farmers to see themselves as entrepreneurs with the potential to drive rural economies. He underscored the importance of participating in the input chain of agriculture (fertilizers, pesticides, machinery) and the output chain including storage, processing, and retail.
    Accountability

    Sri Lanka: NEXT Workers Demand Answers, Consultation Over Abrupt Factory Closure

    Anto Marcus, Secretary General of the Free Trade Zones and General Services Employees Union, confirmed that the company failed to consult workers as mandated by their collective agreement.
    Bangladesh

    China Urges Investment Climate Reforms as Interest in Bangladesh Grows

    China has grown into one of Bangladesh’s most significant economic partners. In FY 2023–24, Bangladesh imported goods worth $16.637 billion from China, accounting for 26.4 per cent of the country’s total imports, indicating the growing demand for Chinese products.

    Must read

    Agri-technology

    Vice President Calls for Farmer-Led Agri-Business Revolution at Goa’s ICAR-CCARI Meet

    Dhankhar urged farmers to see themselves as entrepreneurs with the potential to drive rural economies. He underscored the importance of participating in the input chain of agriculture (fertilizers, pesticides, machinery) and the output chain including storage, processing, and retail.
    Accountability

    Sri Lanka: NEXT Workers Demand Answers, Consultation Over Abrupt Factory Closure

    Anto Marcus, Secretary General of the Free Trade Zones and General Services Employees Union, confirmed that the company failed to consult workers as mandated by their collective agreement.
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    China Urges Investment Climate Reforms as Interest in Bangladesh Grows

    China has grown into one of Bangladesh’s most significant economic partners. In FY 2023–24, Bangladesh imported goods worth $16.637 billion from China, accounting for 26.4 per cent of the country’s total imports, indicating the growing demand for Chinese products.
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    Trump’s USAID Cuts Only Accelerate the West’s Miserly Convergence with China

    Retrenchment is the dominant theme on both sides. However much the West and China may wish to compete for the Global South’s affections, the constraints of their respective political economies limit their offer.

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