Bangladesh

A run on Grameen Bank’s integrity, as founder’s career ends in disgrace

17 May 2011

Bangladesh’s once-legendary banking environment is now fatally polluted. The rot is spreading so fast and far that the entire global microfinance industry is threatened. Controversy ranges far beyond poisonous local politics, the factor most often cited by those despondent about Grameen Bank’s worsening crisis. True, at first glance we see an oppressive state’s persecution of a courageous academic-turned-entrepreneur and 2006 Nobel Peace Prize laureate, a man passionate about uplifting poor (...)

Peripheral Economy, Global Capital and Movements in Bangladesh: An Interview with Anu Muhammad

6 January 2011

Anu Muhammad is an eminent Marxist and a renowned academician from Bangladesh. He is currently serving as Professor in the Department of Economics in Jahangirnagar University, Savar, Dhaka. He is also the general secretary of National Committee to Protect Oil, Gas, Mineral Resources Power and Ports and has been involved in various people’s movements in Bangladesh. He, along with the committee, played an instrumental role in the success of the Phulbari Movement against Open Pit Mining in (...)

World Bank’s immunity: A legal landmark

26 August 2010

Please find the editorial from New Age 14th June, you all know the movement against blanket immunity to the World Bank, in fact it was originated from a case lodged by one of the World Bank employee, she won the case. World Bank was presserizing goverment to give blanket immunity, even law was drafted even placed in the parliament, due to the movement from progressive foreess, the initiative was turned down . A legal landmark FINALLY, Ismet Zerin Khan’s perseverance has won the case; not (...)

Bangladesh: Government against climate aid via World Bank

21 February 2010

DHAKA, 16 February 2010 (IRIN) - Bangladesh has voiced strong opposition to plans by the UK Department for International Development (DFID) to provide close to US$100 million in climate change aid - because of its delivery through the World Bank. “We are strongly against the World Bank’s involvement in handling the climate fund. DFID should give the money straight to the Bangladesh government rather than giving it to the World Bank to disburse it,” Food and Disaster Management Minister Abdur (...)

Presentation during South Asia workshop

Jute Economy of Bangladesh: A case study of IFI-led Privatization

21 December 2009

Presentation during South Asia workshop

Bangladesh: our sovereignity is not for sell out to IFI’s

9 March 2009

Summary During last couple of weeks in January 2009, there was news coverage in the country’s major print media that the representatives of WB and IMF (World Bank and International Monetary Fund) would visit Bangladesh sometime in February to support government in preparing MTBF (Mid Term Budgetary Framework) and also to advice government in the issue.. Meantime the chief of Asian Development Bank visited the country and assured government to provide so called necessary financial support (...)

World Bank Involvement in Climate Financing Opposed: Stress Political Participation

16 January 2009

Application with 1000 signatures from countries and abroad and 3000 post cards is being sent to Chief Advisor Dr. Fakruddin Ahmed and UK Minister Alexander Douglas Dhaka 21st December 2008. Today through organizing a press conference at National Press Club, Dhaka, Equity and Justice Working Group (equitybd) has concluded its three month long campaign on sensitizing political and CSOs opinion against the involvement of the World Bank in the management of proposed Multi Donor Trust Fund (...)

Why should we pay back odious and illegitimate debts?

14 March 2007

The increasing debt, together with the expiry of grace periods and unfavourable exchange rates, has resulted in increased debt service. Average annual debt service payment increased from $65 million in the 1970s to over $600 million at present. Every child is born with a debt obligation for no fault of her/him. Per capita debt obligation of the country has increased from $7 in 1973/74 to $137 in 2003/04, writes Mohiuddin Ahmad. About three years ago, I made an estimate: Bangladesh has (...)