Tag:Corruption

Failure to act, Ahmed cautioned, could derail Bangladesh’s economic aspirations, leaving businesses vulnerable and the nation grappling with stagnation.

Experts warn that slowing global growth and elevated price levels could combine in a scenario akin to stagflation, while debt vulnerabilities across public, corporate and household sectors could amplify financial instability.

Adani Power has indicated it intends to seek international arbitration, citing payment delays and disputes over tariff components, setting the stage for a contentious standoff between the Indian corporate conglomerate and a key South Asian neighbour.

On Monday, the latest round of protests, driven by Gen Z youth demanding an end to corruption and authoritarian rule, spiralled into tragedy. Security forces opened fire on demonstrators, resulting in at least 19 deaths.

The move comes amid growing criticism over delays in fulfilling the administration’s ambitious anti-corruption and economic promises made during last year’s presidential campaign.

A National Consensus Commission has been established to gather input from political parties, and their recommendations will form the basis of a July Charter outlining agreed-upon reforms.

Whether the two parties can bridge the gap and reach a mutually acceptable agreement remains to be seen. The Sri Lankan government's insistence on price revision and Adani’s re-affirmation of the initial terms, clearly sets the stage for a tense negotiation period.

There has been a raging debate in Sri Lanka on the deal, citing it as an expensive deal. The earlier government had agreed to purchase power from Adani’s 484-megawatt wind power project at a rate of 8.26 US cents per unit under a 20-year power purchase agreement.